HSBC, Standard Chartered complete first interbank deposit token trade

HSBC and Standard Chartered have completed the first interbank deposit token transaction using the Society for Worldwide Interbank Financial Telecommunication’s (SWIFT) blockchain-based Shared Ledger, Crypto Briefing reported. The system links each bank’s deposit token platform to support 24/7 cross-border transfers without intermediaries. A total of 17 global banks are currently participating in the related pilot consortium.