What is the Context of Interbank Payments?

The current discussion around interbank payments frequently involves the exploration of how blockchain technology and stablecoins could potentially disrupt or enhance existing infrastructure. Debates often center on speed, cost, and cross-border efficiency compared to traditional methods like SWIFT. Future developments are likely to involve greater integration of digital ledger technology into wholesale payment systems.

Interbank Payments

Definition

Interbank payments are financial transactions conducted between different banking institutions. These transactions facilitate the movement of funds across the traditional financial system, enabling settlement between banks for their clients’ transactions. Understanding interbank payment systems provides context for how fiat currencies are managed globally.

∞Public Blockchain

∞Digital Payments

∞Regulated Money

JPMorgan Pilots Tokenized Deposit on Public Blockchain for Institutional Settlement

The JPMD deposit token leverages a public Ethereum Layer 2 to enable near-instant, 24/7 institutional settlement, drastically enhancing capital efficiency over legacy systems.

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∞Operational Efficiency

∞Commercial Bank Money

∞Conveyancing

Six Major UK Banks Pilot Tokenized Sterling Deposits for Settlement

This multi-bank pilot of tokenized sterling deposits establishes a programmable liability layer, drastically reducing counterparty risk and enabling atomic settlement across core financial market processes.

∞Wholesale Settlement

∞Wholesale Digital Money

∞Real-Time Settlement

Six Major UK Banks Pilot Tokenized Sterling Deposits for Settlement Efficiency

The consortium pilot of tokenized commercial bank deposits leverages DLT to enable programmable sterling, reducing settlement friction and counterparty risk.

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∞Corporate Treasury

∞Cross-Border Settlement

∞Digital Payments

Korean Trading Firm POSCO Adopts JPM Blockchain for Instant Global Payments

Integrating blockchain-based bank accounts enables POSCO to achieve 24/7/365, real-time cross-border settlement, optimizing global working capital and mitigating FX risk.

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∞Tokenized Deposits

∞Wholesale Payments

∞Atomic Settlement

Federal Reserve and Major Banks Pilot Tokenized Liability Network Settlement

The Regulated Liability Network PoC leverages DLT for atomic settlement of tokenized bank liabilities, reducing counterparty risk and friction in wholesale interbank payments.

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∞Wholesale Settlement

∞G7 Currencies

∞Financial Market Infrastructure

Ten Global Banks Collaborate on G7 Currency Digital Money for Public DLT

This G-SIB consortium is strategically creating a compliant, unified settlement layer to capture the multi-trillion-dollar cross-border digital payments market.

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∞Interbank Payments

∞Money Market Fund

∞Enterprise Integration

Solana and Wavebridge Develop Regulated Korean Won Stablecoin and MMF Tokenization

This partnership architects a compliant on-chain settlement layer for Korean institutional assets, drastically reducing counterparty risk and friction.

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∞Global Finance

∞Distributed Ledger

∞Market Infrastructure

Major Banks Unite for Blockchain Digital Money Initiative

A coalition of nine global banks is developing blockchain-based digital money, signaling a significant move towards integrating crypto technology into mainstream finance.

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∞Real World Assets

∞Payment Infrastructure

∞Liquidity Solutions

SWIFT Integrates XRP and HBAR for Global Payment Trials

Global interbank network SWIFT is testing XRP and HBAR for cross-border payments, signaling a major step towards blockchain adoption in traditional finance.

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∞Interbank Payments

∞Financial Innovation

∞Distributed Ledger

UK Banks Pilot Tokenized Sterling Deposits for Payment Efficiency

A consortium of UK banks, in partnership with UK Finance, initiates a pilot for tokenized sterling deposits to enhance payment control and settlement efficiency across critical financial workflows.

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∞Deposit Tokens

∞Tokenized Assets

∞Operational Efficiency

Swiss Banks Pilot Ethereum Deposit Tokens for Instant Interbank Settlement

This pilot program leverages deposit tokens on a permissioned Ethereum environment to establish real-time, compliant interbank payment capabilities, enhancing operational efficiency and strategic interoperability within the Swiss financial ecosystem.

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∞Distributed Ledger

∞Programmable Money

∞Tokenized Deposits

Swiss Banks Conclude Tokenized Deposit Trial on Public Ethereum

Swiss banks successfully piloted tokenized deposits on Ethereum, enhancing interbank payments and asset settlement with smart contract programmability and 24/7 availability.

Interbank Payments

Definition

Context

JPMorgan Pilots Tokenized Deposit on Public Blockchain for Institutional Settlement

Six Major UK Banks Pilot Tokenized Sterling Deposits for Settlement

Six Major UK Banks Pilot Tokenized Sterling Deposits for Settlement Efficiency

Korean Trading Firm POSCO Adopts JPM Blockchain for Instant Global Payments

Federal Reserve and Major Banks Pilot Tokenized Liability Network Settlement

Ten Global Banks Collaborate on G7 Currency Digital Money for Public DLT

Solana and Wavebridge Develop Regulated Korean Won Stablecoin and MMF Tokenization

Major Banks Unite for Blockchain Digital Money Initiative

SWIFT Integrates XRP and HBAR for Global Payment Trials

UK Banks Pilot Tokenized Sterling Deposits for Payment Efficiency

Swiss Banks Pilot Ethereum Deposit Tokens for Instant Interbank Settlement

Swiss Banks Conclude Tokenized Deposit Trial on Public Ethereum

Incrypthos

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