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August 19, 2026 1:51 pm
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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.