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Swift, UBS, and Chainlink Advance Tokenised Fund Settlement Under Project Guardian

Fintech News

The pilot showcased how financial institutions can use Swift’s infrastructure to facilitate off-chain cash settlements for tokenised funds with fiat payment systems across more than 11,500 financial institutions in over 200 countries. ” said Sergey Nazarov, Co-Founder of Chainlink.

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Circle Launches Stablecoin Payments Network for Cross-Border Settlements

Fintech News

The network aims to enable faster, lower-cost international money transfers by utilizing stablecoins such as USDC, EURC, and other regulated digital currencies for real-time settlement between participants like banks, payment providers, virtual asset service providers, and digital wallets.

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OSTTRA, Baton and Partior Enable 24/7 FX Settlement with Tokenised Bank Funds

Fintech News

OSTTRA and Baton Systems have announced that Partior has connected to their on-demand FX payment-versus-payment (PvP) settlement network, enabling financial institutions to settle foreign exchange transactions using tokenised commercial bank deposits with 24/7 access.

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Standard Chartered, Ant Complete First Blockchain-Based SGD Settlement

Fintech News

This solution leverages blockchain technology, including advanced encryption and AI, to enhance the efficiency and transparency of fund movements for improved global liquidity management. This achievement builds on a recent successful test settlement of a Hong Kong dollar (HKD)-denominated transaction between the two companies.

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ECB commits to distributed ledger technology settlement plans

Finextra

The European Central Bank has agreed to a dual-track strategy for integrating distributeed ledger technology with Target settlement services in the wholesale market.

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Retailers Accepting Crypto Payments – With Instant Settlement in Cash

Finextra

Lower Fees and Instant Settlement Another major benefit is the fees associated with crypto payments. Settlement speeds are another major advantage. Plus, because these payments settle on blockchain rails, they help reduce the risk of chargeback fraud, offering merchants an extra layer of security.

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Partior Closes Series B at US$80 Million with Deutsche Bank Investment

Fintech News

The bank plans to act as a Euro and US dollar settlement bank on Partior’s platform, aligning with its dbX initiative—a correspondent banking ecosystem launched to optimize financial institution client services. Morgan, Standard Chartered, and Temasek, Partior uses blockchain technology to enable real-time clearing and settlement.