ANZ, BHP, SWIFT, and Citi Validate End‑to‑End Tokenized Deposit Flow in Near‑Real‑Time

• ANZ became the first Australian bank to successfully test a cross‑border tokenized deposit payment.
• The trial leveraged SWIFT’s shared ledger, involving BHP and Citi, to move U.S. dollar‑denominated tokenized deposits from Melbourne to New York in near real‑time.

ANZ, BHP, SWIFT, and Citi’s Successful Cross‑Border Tokenized Deposit Payment

The live corporate treasury transaction utilized U.S. dollar‑denominated tokenized deposits on the SWIFT ledger, showcasing how blockchain can reduce customer friction. Using BHP’s existing ANZ account, the test moved value from Melbourne to New York in near real‑time, even across different time zones, proving that institutional tokenized assets can operate beyond traditional banking cut‑off times without delay.

Working Without Disruption and With Higher Certainty

The solution operates invisibly to customers, enabling banks to tap tokenized deposits via shared industry infrastructure for more efficient liquidity. Nigel Dobson, ANZ Executive General Manager for Payments Services, emphasized that the test demonstrates banks can achieve higher certainty that funds arrive in real time, regardless of location, banking hours, or time zones. Large multinational clients benefit most from this capability, as they require rapid cross‑border movement irrespective of operating hours.

“These payments demonstrate how tokenized deposits can move between banks through shared industry infrastructure and supporting more efficient liquidity while remaining completely invisible to customers,” said Dobson.

Fulfilling Clients’ Always‑On Expectations

Citi’s Head of Services for Japan, Asia North and Australia, Kanika Thakur, highlighted that the achievement meets clients’ always‑on expectations as the industry moves toward interoperability between traditional and digital finance networks. “This landmark transaction with ANZ, Swift and BHP demonstrates the power of a shared blockchain ledger to deliver infrastructure fit for the future by enabling interoperability between traditional and digital finance networks,” noted Thakur. “Advancing our digital cash and securities capabilities is core to our innovation agenda in Citi’s Services business as we build capabilities that support the evolution of our clients’ businesses and the environments in which they operate.”

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