The post SWIFT Blockchain Ledger Launches with Major Bank Pilot appeared on BitcoinEthereumNews.com.
The world’s dominant financial messaging network just took a significant step toward round-the-clock, borderless banking. SWIFT has launched a new blockchain ledger designed to host a live pilot of tokenized bank deposits, bringing 17 major global banks into a system that promises to reshape how cross-border payments move — and when they can move. Key takeaways SWIFT’s new blockchain ledger is ready for initial use after nine months of development, with 17 banks preparing to pilot live transactions using tokenized deposits. Participating institutions include HSBC, Citi, BNP Paribas, UBS, ANZ, DBS, and Standard Chartered. The ledger enables 24/7 cross-border payments — including overnight and weekend transactions — while keeping existing compliance and risk controls intact. SWIFT’s Chief Business Officer Thierry Chilosi described the launch as “a key milestone for regulated digital asset
The post SWIFT Bridges TradFi and Distributed Ledger Technology With 17 Banks SWIFT Bridges TradFi and Distributed Ledger Technology With 17 Banks appeared on BitcoinEthereumNews.com.
SWIFT has introduced its own blockchain-based shared ledger after nine months of development. The pilot project is moving into operational use with 17 major banks set to pioneer tokenised cross-border payments. The banks are ANZ, BNP Paribas, BNY, Citi, DBS, First Abu Dhabi Bank, FirstRand Bank, HSBC, Itaú Unibanco, Lloyds Bank, Mashreq, MUFG Bank, OCBC, Standard Chartered, UBS, UOB, and Wells Fargo. It combines distributed ledger technology and the existing secure messaging network used by SWIFT, which covers more than 200 markets. The goals of this project are simple: improved liquidity transparency of cash flows ability to seamlessly enable token recognition This is NOT an alternative to SWIFT. It’s an extension of it. Carl Slabicki, head of commercial, global payments & trade at BNY, said: “We are ple
SWIFT tests blockchain ledger with 17 banks as XRP Ledger’s 14-year settlement record returns to market focus. SWIFT has announced a blockchain-based ledger for tokenized cross-border payments. Seventeen banks are preparing to test tokenized deposits through the pilot. The ledger was built in nine months and is now ready for bank testing. It aims to […]
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The post Swift Readies Ledger for 24/7 Token Transfers—Though True Settlement Is Stuck on Old Rails appeared on BitcoinEthereumNews.com.
In brief Swift’s pilot allows 17 global banks to transfer tokenized deposits on weekends, but ultimate settlement still relies on legacy, business-hour systems. Participating institutions include major Global Systemically Important Banks such as Citi, HSBC, BNY, and Wells Fargo. Though built with Ethereum-compatible architecture, the blockchain-based ledger remains a largely centralized network. Swift, the financial gatekeeper connecting thousands of banks across the globe, said on Thursday that a dozen-plus institutions are preparing to use its “blockchain-based ledger.” The member-owned cooperative, which has functioned as the traditional financial system’s backbone for decades, expects 17 banks across six continents to participate in a pilot program involving the exchange of tokens that represent deposits, according to an announcement. Highlighting
The post Swift readies blockchain ledger for live tokenized payment pilots with 17 global banks appeared on BitcoinEthereumNews.com.
Swift has moved its blockchain-based ledger from development to live implementation. It announced that 17 banks across six continents are preparing to pilot cross-border payments using tokenized deposits. The milestone marks Swift’s first live use case for the ledger. It enables participating banks to offer 24/7 cross-border payments while continuing to settle transactions through existing financial infrastructure. The move signals growing institutional adoption of regulated digital asset technology rather than public blockchain payment networks. Swift shifts from blockchain testing to live pilots Swift said its blockchain-based ledger is now ready for initial use, less than a year after the project was announced. The shared ledger acts as an orchestration layer that allows banks to move tokenized deposits issued on their own ledgers. This enables custo
The post Swift declares blockchain ledger ready in 17-bank, cross-continent pilot launch appeared on BitcoinEthereumNews.com.
Swift announced in a July 9 statement that its blockchain-based ledger is open for business, with 17 lenders already lined up to start using it to send cross-border payments across six continents using tokenized deposits. Swift is big news from a network that already processes the equivalent of global GDP every 2 to 3 days across more than 200 markets. Now, the infrastructure is in place for banks and corporate treasuries to settle international transfers round the clock. Today’s announcement lays the groundwork for the first public demonstration of a ledger that Swift first showcased at its Sibos conference in September 2025. What does Swift’s blockchain ledger do? The blockchain-based ledger that Swift introduced Thursday is not a payments platform in the traditional sense. The ledger, which runs on Hyperledger Besu, an open-source, Ethereum-compatible fram
The post SWIFT’s Blockchain Ledger Goes Live, but Old Bottlenecks Persist appeared on BitcoinEthereumNews.com.
SWIFT’s blockchain-based shared ledger has moved from testing to live deployment. Seventeen major banks are now preparing to process real transactions using tokenized deposits, though the system still leans on SWIFT’s older infrastructure to finish each transfer. Citi, HSBC, UBS, and 14 other banks across six continents will run pilot transfers. Their tokenized transfers speed up liquidity movement, but final settlement still passes through existing correspondent banking rails afterward. Banks Prepare Tokenized Deposit Pilots The shared ledger works as an orchestration layer, not a settlement replacement. Banks issue tokenized deposits on their own systems. They use SWIFT’s infrastructure to move funds for customers around the clock, including overnight and weekends. However, the underlying money only becomes final once it clears through SWIFT’s traditional messaging network.
The post Swift rolls out new blockchain ledger to bring 24/7 banking to 17 global giants appeared on BitcoinEthereumNews.com.
A roster of 17 banks are preparing to begin testing live transactions on Swift’s blockchain-based ledger, a step toward round-the-clock cross-border payments using tokenized deposits. Swift said the ledger is ready for initial use by banks across six continents in an announcement on Thursday. Its aim is to allow banks to move funds for customers overnight and on weekends, before final settlement through existing payment systems. The banks taking part include UBS, BNP Paribas, BNY, Citi, HSBC, and Wells Fargo. Swift, the bank-owned messaging network used by more than 11,500 financial institutions, announced the development of this shared ledger platform in October. It then said it would allow banks to settle transactions involving stablecoins and tokenized assets across multiple blockchains, working alongside current payment rails, not replacing them. Swift, said
