Digital asset infrastructure provider Taurus has integrated its tokenization and custody platforms with Swift’s blockchain-based ledger. The first client integrations are expected within days, with the first distributed ledger technology transactions expected within weeks. Swift announced in July that the ledger was ready for initial use, with 17 banks across six continents preparing to pilot tokenized deposit transactions. Standard Chartered and HSBC have already completed the first live cross-border transaction on the ledger, which serves as an orchestration layer for round-the-clock cross-border payments using bank-issued tokenized deposits.
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