Abu Dhabi Launches First Regional SWIFT Dollar Transactions
Abu Dhabi First Bank executed its first regional US dollar transactions via the SWIFT Ledger platform using tokenized deposits and smart contract settlements, enabling 24/7 cross-border payments. This marks a pioneering step in the Middle East and Africa, demonstrating that banks can support faster, programmable payments while maintaining liquidity and managing risks by connecting traditional payment systems with distributed ledger technology. The project aims to enhance interoperability and expand cross-border settlement among financial institutions.
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