ANZ completes landmark cross-border tokenised deposit payment with Swift, BHP and Citi
ANZ has successfully executed a live cross-border corporate treasury transaction using tokenized deposits on the Swift blockchain ledger. The pilot involved a collaboration between ANZ, BHP, Swift, and Citi to facilitate US dollar payments between Melbourne and New York. By leveraging shared ledger technology, the transaction demonstrated the ability to process payments outside of traditional banking hours with increased speed and efficiency. This initiative highlights the potential for tokenized deposits to operate seamlessly across different banking institutions while remaining invisible to the end customer. For the RWA market, this represents a significant step toward integrating digital assets into existing global financial infrastructure. The successful test confirms that Swift’s ledger can act as a secure connector for interoperable tokenized deposits, supporting 24/7 liquidity management for multinational corporations. This development underscores a shift toward real-time, always-on settlement capabilities within the traditional banking ecosystem.