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Crypto

SWIFT launches shared blockchain ledger with 17 banks to support 24/7 tokenised deposit payments

SWIFT has moved a blockchain-based shared ledger into an initial operating phase and is preparing real-transaction pilots with 17 global banks across six continents using tokenised deposits. The structure links tokenised deposits issued by participating banks on a common foundation while continuing to use the existing SWIFT network. The project aims to enable 24-hour, year-round fund transfers, with final settlement maintained through existing financial systems. SWIFT targets completing real transactions in the second half of 2026.

Crypto

Japan\'s SBI nears launch of yen stablecoin JPYSC, targeting institutional trading

Japan\'s SBI Group plans to issue its yen-pegged stablecoin JPYSC as early as this week after securing approval from the Financial Services Agency, The Defiant reported. The token would be the first yen stablecoin issued by a financial institution using a trust-bank structure under Japan\'s Payment Services Act. SBI said JPYSC is a trust-based stablecoin issued by Shinsei Trust Bank, with distribution handled by SBI VC Trade and development with Singapore-based Startale Group.

Finance

KB Kookmin Bank arranges 4 trillion won financing for U.S. LNG infrastructure

KB Kookmin Bank has completed the arrangement of financing for a U.S. offshore LNG infrastructure development project. The bank said it completed joint arrangement of project financing for the Delfin floating liquefied natural gas development project, with the financing agreement signed on June 3 local time. The syndicated financing totals $2.676 billion, or about 4 trillion won, and KB Kookmin Bank arranged and participated with $160 million.