#SCB
2 articles tagged #SCB — curated RWA tokenization coverage.
7.5
Infrastructure
ibsintelligence.com·5d ago
SCB taps Citi for tokenised cross-border payments
Siam Commercial Bank (SCB) has partnered with Citi to pilot a tokenized cross-border payment solution aimed at enhancing the efficiency of international fund transfers. By leveraging Citi’s digital asset capabilities, SCB intends to streamline liquidity management and reduce the settlement times typically associated with traditional correspondent banking networks. This initiative utilizes blockchain technology to facilitate near-instantaneous, 24/7 cross-border transactions, addressing long-standing friction in global financial infrastructure. The collaboration marks a significant step for SCB in integrating programmable money into its institutional treasury operations. For the broader RWA market, this development underscores the growing institutional appetite for tokenized deposits and programmable settlement layers. As major banks like Citi continue to provide the underlying infrastructure for these digital assets, the barrier to entry for cross-border tokenized settlements is rapidly lowering. This shift signals a transition toward a more interconnected, blockchain-based global payment ecosystem that prioritizes speed and transparency.
7.5
Infrastructure
SCB rolls out 24/7 USD clearing in Thailand with Citi Token Services
Siam Commercial Bank (SCB) has partnered with Citi to implement 24/7 USD clearing services, facilitating near real-time cross-border payments for its clients. By integrating Citi Token Services, which operates on a private permissioned blockchain, SCB enables continuous USD transaction capabilities regardless of traditional banking hours. This initiative leverages Citi's 24/7 clearing network, which currently connects more than 300 financial institutions across over 50 global markets. The adoption of this technology marks a significant shift for Thailand's oldest commercial bank toward modernizing its international payment infrastructure. For the RWA market, this development underscores the growing institutional reliance on private blockchain solutions to enhance liquidity and settlement speed in cross-border finance. By removing the friction of traditional clearing cycles, the collaboration sets a precedent for how legacy banking institutions can utilize tokenized services to improve capital efficiency. This integration demonstrates a practical application of blockchain technology in streamlining high-volume, multi-currency institutional settlements.