XRP-Tied Banks Try SWIFT’s New Blockchain

DBS Bank has pointed to XRP’s Ecosystem as the most practical way to link digital value and existing payment flows, a development that continues to sit alongside separate efforts by networks such as the XRP Ledger to improve institutional settlement efficiency. A Shared Layer for Tokenised Deposits SWIFT designed the ledger as a real-time record that sequences and validates transactions while leaving final settlement on banks’ existing rails. The first live use case focuses on 24/7 cross-border payments using bank-issued tokenised deposits.

Source: DailyCoin