Twenty-eight banks, including JPMorgan, Citi and UBS, moved real money across borders in a live test of blockchain-based settlement.
- A group of major lenders settled real cross-border payments using tokenized central bank reserves and commercial bank deposits across six currencies in a major test of the technology stack.
- The test processed about $1 million in transfers through 30 transactions that settled in roughly 80 seconds on a shared ledger, improving traceability while operating alongside existing payment systems.
- By enabling simultaneous foreign-exchange settlement and a single shared record of ownership, the project aims to reduce risks and costs in cross-border payments as part of a broader shift toward tokenized financial assets.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Crypto poured years into new products. The next challenge is keeping users
The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
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