On the 10th, Singapore's three major banks—DBS, OCBC, and UOB—announced that they conducted an actual interbank transaction in Singapore dollars using tokenized deposits on a blockchain-based ledger developed by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
This marks the first time the three banks have jointly utilized this system, representing a significant milestone for Singapore's banking industry. However, it is still in the early stages of development...