Australia and New Zealand Banking Group, or ANZ, has completed a real-time corporate treasury transaction using tokenized deposits and Swift’s blockchain ledger, according to Techub, which cited Finextra Crypto. The transaction is framed as a fresh step by a traditional financial institution in putting blockchain infrastructure to work in cross-border payments. It also points to continued experimentation with tokenized deposits as a settlement tool in institutional finance. The report adds that the deal touched both cross-border payment flows and asset tokenization, placing the transaction in two areas that banks and financial market infrastructure providers have been testing more closely. No additional transaction size, counterparties, or corridor details were disclosed in the source item.
ANZ has completed a real-time corporate treasury transaction using tokenized deposits and Swift’s blockchain ledger, according to Techub, citing Finextra Crypto.
The transaction involved cross-border payments and tokenized deposits. The report said the development marks another step by a traditional financial institution in using blockchain technology for cross-border payments and asset tokenization.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
