Swiss crypto bank Amina Bank has successfully completed a distributed ledger technology (DLT) pilot in collaboration with Crypto Finance Group and partner banks, utilizing Google Cloud's Universal Ledger. The test, conducted on November 30, enabled near real-time, 24/7 fiat settlements between regulated Swiss banks using traditional commercial bank funds, without the introduction of new digital currencies.
This pilot marks a significant step in integrating DLT into existing regulatory and compliance frameworks, demonstrating its potential for future cross-border payments, multi-currency settlements, and point-of-sale (POS) integration. The successful test highlights the capability of DLT to enhance the efficiency and speed of financial transactions within the traditional banking system.
Swiss Amina Bank Completes DLT Settlement Test with Google Cloud
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
