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.
Context ∞ 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.

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→Programmable Money

→Distributed Ledger

→Digital Assets

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.

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→Tokenized Assets

→Financial Innovation

→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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→Digital Currency

→Tokenized Deposits

→Financial Innovation

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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→Digital Ledger Technology

→Institutional Adoption

→Blockchain Integration

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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→Digital Money

→Market Infrastructure

→Digital Currency

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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→Asset Tokenization

→Layer-1 Protocol

→Whitelist Management

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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→Shared Ledger

→Digital Asset Utility

→Compliance Framework

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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→Risk Mitigation

→Distributed Ledger

→Financial Market Infrastructure

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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→Liquidity Management

→Enterprise Blockchain

→Correspondent Banking

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.

→Market Infrastructure

→DLT

→Programmable Payments

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.