Swiss Banks Complete First Legally Binding Blockchain Payment
Three Swiss banks have completed what they describe as the first legally binding interbank payment settled using bank deposits on a public blockchain, marking a milestone in the country’s push to modernise financial market infrastructure. PostFinance , Sygnum Bank and UBS executed the transaction as part of a feasibility study coordinated by the Swiss Bankers Association, which said the work demonstrates that shared-ledger payments can be processed immediately and conclusively and tied to automated business processes. News – Milestone for the Swiss financial center: Deposit Token Proof of Concept successfully completed https://t.co/DGsgf4KBqJ Under the umbrella of the Swiss Bankers Association (@SwissBankingSBA), @PostFinance, Sygnum Bank, and @UBS have conducted a Deposit Token… pic.twitter.com/6D21Y83UIS — Sygnum Bank (@sygnumofficial) September 16, 2025 Background: deposit tokens under the industry umbrella The project builds on the Swiss bank...