Description
Corporate treasury payments took a step toward tokenised bank infrastructure when BHP transferred US dollars from Melbourne to Citi in New York through ANZ and Swift. The September 2026 transaction used BHP's existing banking channels within a pilot, rather than requiring the company to manage tokens directly.
Summary
ANZ reported on September 30, 2026 that it completed a cross-border corporate payment for BHP using tokenised deposits and Swift's ledger infrastructure, with Citi receiving the funds in New York. BHP initiated the US-dollar payment through its existing ANZ account and channels in Melbourne. Tokenisation operated behind those familiar banking interfaces. The transaction demonstrates a corporate customer using digital bank money in a real payment, while the wider infrastructure remains an early-stage pilot. The announcement does not establish general availability, sustained payment volumes or universal round-the-clock settlement. Its adoption significance is the connection between corporate treasury workflows and interoperable tokenised deposits, without treating those deposits as independently issued stablecoins.