Citi Marks Live Transactions Using Swift’s Blockchain-Based Ledger

Citi says it has successfully processed live transactions on Swift’s blockchain-based ledger. The banking giant announced the completion of this effort Thursday (Sept. 3), calling it a “significant milestone in its strategy to deliver always-on, cross-currency and interoperable payment solutions for its institutional clients.” The announcement added that Citi is the first American bank to conduct live native ledger transactions, in collaboration with First Abu Dhabi Bank (FAB) and Oversea-Chines