Citigroup

Swift

2026-09-08 16:03:25

DBS and Citi Complete Weekend Dollar Payment on Swift Ledger

DBS and Citigroup completed a U.S. dollar payment between Singapore and Citi’s New York office over the weekend of Sept. 5 using tokenized deposits on Swift’s blockchain-based Digital Ledger, DBS said. The transfer took minutes, extending the ledger’s live operation beyond standard banking hours. Swift says participating banks can move customer funds overnight and on weekends before final settlement runs through existing banking systems. The arrangement is aimed at giving corporate treasurers a way to shift liquidity across time zones without waiting through weekend gaps; DBS compared the test with an industry norm of up to two business days for cross-border payments. The blockchain does not replace the banks’ settlement infrastructure. It acts as a coordination layer for bank-issued tokenized deposits held on the participating banks’ own ledgers, while final settlement remains in existing systems. The transaction was the ledger’s second confirmed live use, after HSBC and Standard Chartered completed the first in August. Swift announced initial readiness on July 9, with 17 banks across six continents preparing pilots. DBS is the only Asian-headquartered bank in the ledger’s 12-bank core design group. The transaction value and broader client rollout timetable were not disclosed.

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Stablecoins

2026-09-06 15:03:07

Stablecoin scale still depends on banks, not a path around them

A Decrypt opinion article argues that stablecoins are not replacing the banking system as they scale. Instead, firms handling institutional payment volume are embedding more deeply into bank infrastructure, local payment rails, foreign-exchange networks, and compliance frameworks. The piece points to Stripe’s $1.1 billion acquisition of Bridge, Citi’s planned crypto custody push, and Standard Chartered’s stablecoin settlement tests in Singapore as examples of how major operators are converging on the same model. The article breaks enterprise cross-border payments into three parts: local fiat collection, cross-border value transfer, and local fiat payout. Stablecoins can compress the middle leg to seconds when both institutions accept them, but the first and last legs still sit with banks. Citing FXC Intelligence, McKinsey, Artemis, and EY-Parthenon, the author says the real bottleneck is not blockchain settlement but the regulated infrastructure underneath it: bank connectivity, FX capability, local rails, licensing depth, and compliance. The piece also warns that relying on a single bank partner remains one of the most overlooked operational risks in crypto payments. The article was written by Bernardo Brites, co-founder and CEO of Trace Finance, who says the views reflect his own commercial perspective.

850

banco do bras

2026-09-06 01:46:21

First in Latin America: Banco do Brasil Buys $5M in Citi Tokenized Notes

Banco do Brasil, a Brazilian state-owned bank, has invested $5 million to purchase tokenized structured notes issued by Citigroup via Euroclear's D-FMI platform. The transaction, executed on August 19, marks the first such investment by a Latin American financial institution, according to the bank. Citigroup first issued native digital structured notes in March through the same platform. The notes are issued by a Citigroup Luxembourg entity, with Citigroup London branch acting as issuing and paying agent. The reference asset remains undisclosed.

870

Citigroup

2026-09-04 14:22:37

Citigroup Pushes Back Fed Rate Cut Forecast to Mid-2027

Citigroup now expects the Federal Reserve to begin its rate-cutting cycle in June 2027, delaying its previous forecast of October 2026. The bank projects three 25-basis-point cuts in June, September, and December 2027.

800

Anthropic

2026-09-04 01:30:18

Anthropic Nears $15B Pre-IPO Credit Facility to Clear Path for IPO

Anthropic is close to finalizing a $15 billion pre-IPO revolving credit facility, according to sources cited by Bloomberg, removing a key hurdle for its highly anticipated public filing. The facility is significantly larger than the company's earlier target of $10 billion and the $2.5 billion five-year revolving line obtained last year. Morgan Stanley is leading the arrangement, with Goldman Sachs, JPMorgan Chase, and Citigroup taking key roles; these four banks also serve as the lead underwriters for the IPO. Barclays and Wells Fargo are expected to play significant roles. The IPO proceeds could reach or exceed those of SpaceX, the sources said. Anthropic's annualized revenue has surpassed $65 billion. The specific size of the IPO and the credit facility details are still subject to change.

1330

G20

2026-09-03 02:50:05

G20 signals clearer digital-asset path as SEC and major banks move on blockchain reforms

G20 finance leaders have pledged to provide a clearer path for digital assets, while the U.S. Securities and Exchange Commission is considering blockchain-related changes to transfer agent rules, according to Techub, citing Unchained Daily. In a separate development, 19 institutions, including Citigroup and Goldman Sachs, have committed to joining a U.S. dollar stablecoin project. Taken together, the moves point to faster integration of blockchain technology by major economies and established financial institutions. The report said the G20 and SEC steps could help shape a compliance framework for digital assets, while Wall Street participation in a stablecoin effort shows that parts of traditional financial infrastructure continue to move on-chain.

860

Stablecoin

2026-09-01 16:53:32

Goldman Sachs, Citigroup, 19 Others Form Stablecoin Consortium, Targeting 2027 USD Stablecoin Launch

Twenty-one global financial giants, including Goldman Sachs, Citigroup, Bank of America, and Fidelity Investments, have announced a joint venture to issue a stablecoin backed by 1:1 reserves, targeting a 2027 launch. The consortium will establish a new company in the second half of 2026 to issue bank-grade stablecoins, starting with a USD-denominated token and expanding to euro and other G7 currencies. The alliance aims to compete with Tether and Circle by leveraging full compliance with U.S. GENIUS Act and EU MiCA regulations. The 21 institutions span North America, Europe, Asia, and Africa, with Fidelity and WisdomTree bringing existing stablecoin expertise. The move signals a major push by traditional finance into digital asset settlement and cross-border payments.

970

stablecoin

2026-09-01 16:04:47

21 Major Financial Institutions Including BofA, Citigroup, Goldman Sachs to Form Company for USD Stablecoin

More than 20 major financial institutions, including Bank of America, Citigroup, Goldman Sachs, Deutsche Bank, UBS, Fidelity, Wells Fargo, and MUFG, have pledged to jointly establish a new company to issue a U.S. dollar-pegged stablecoin. This move marks a significant entry of traditional finance into the stablecoin space.

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