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The Gulf Tape

Banking & Finance

  1. FAB Becomes First Middle East and Africa Bank to Complete

    Banking & FinanceFirst Abu Dhabi Bank (FAB) is the first Middle East and Africa lender to complete live USD tokenized-deposit transactions with Citi on Swift's new Ledger platform, announced Sept. 2, 2026, per Swift, Citi and Economy Middle East. The pilot, part of a July-December 2026 proof-of-concept alongside OCBC, DBS and UOB, keeps final settlement in existing correspondent-banking rails.
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