HSBC and Standard Chartered Complete First Live Transaction on Swift's Blockchain Ledger
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HSBC and Standard Chartered executed a live transaction on Swift's 24/7 blockchain ledger, with the system matching and netting obligations recorded across both banks' separate platforms.Final settlement still routed through existing banking infrastructure rather than on-chain.- HSBC and Standard Chartered have completed the first live transaction on Swift's blockchain ledger, according to The Defiant, CoinDesk, and Cointelegraph.
- The transaction connected the two banks' separate tokenized deposit systems through Swift's ledger, according to Cointelegraph, which described the move as a step toward interoperable, 24/7 cross-border payments.
- CoinDesk reported the transaction ran on Swift's 24/7 ledger.
- According to The Defiant, Swift's ledger matched and netted the obligations that had been recorded on the two banks' separate platforms.
- However, final settlement of the transaction still went through existing banking systems rather than the blockchain ledger itself, The Defiant reported.
- The transaction marks Swift's ledger moving from testing into live use by banks for a real transaction between two institutions' tokenized deposit platforms.
· summary · New information from a source
HSBC and Standard Chartered completed their first live transaction using Swift's blockchain-based ledger for matching and netting obligations.- HSBC and Standard Chartered ran their first live transaction on Swift's blockchain ledger, which matched and netted obligations from the banks' separate systems before settlement finished on existing infrastructure.
· headline · New information from a source
HSBC and Standard Chartered execute first live transaction on Swift's blockchain ledger- HSBC and Standard Chartered Complete First Live Transaction on Swift's Blockchain Ledger
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
HSBC and Standard Chartered have completed the first live transaction on Swift's blockchain ledger, according to The Defiant, CoinDesk, and Cointelegraph.
The transaction connected the two banks' separate tokenized deposit systems through Swift's ledger, according to Cointelegraph, which described the move as a step toward interoperable, 24/7 cross-border payments. CoinDesk reported the transaction ran on Swift's 24/7 ledger.
According to The Defiant, Swift's ledger matched and netted the obligations that had been recorded on the two banks' separate platforms. However, final settlement of the transaction still went through existing banking systems rather than the blockchain ledger itself, The Defiant reported.
The transaction marks Swift's ledger moving from testing into live use by banks for a real transaction between two institutions' tokenized deposit platforms.
Sources: The Defiant, CoinDesk, Cointelegraph
This article is for information only and is not financial advice.
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