Swift connected HSBC and Standard Chartered tokenized deposit platforms in its first live interbank transaction.The ledger matched and netted payment obligations before final settlement occurred through existing banking systems.HSBC recorded obligations through its Tokenised Deposit Service while Standard Chartered used its separate infrastructure.Seventeen banks across six continents joined Swift’s pilot for interoperable tokenized deposit live transactions globally.HSBC’s service currently operates in six markets and supports seven currencies, including dollars and euros.