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…
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