SWIFT Launches Blockchain Ledger to Enable 24/7 Cross-Border Payments
SWIFT has officially launched a blockchain-based shared ledger designed to support 24/7 cross-border payments using tokenized bank deposits. Marking a major step in modernizing the global financial system.
The platform, developed in just nine months, is now ready for pilot use with 17 leading financial institutions across six continents, allowing participating banks to settle transactions in real time while maintaining compliance within the existing regulated banking infrastructure. Unlike public blockchain payment networks, SWIFT’s solution is built to integrate with traditional financial institutions. Enabling faster settlement, improved transparency, and interoperability between tokenized deposits without replacing the current banking system.
The initiative highlights growing adoption of blockchain technology among global banks as the financial industry moves toward tokenized assets, round-the-clock payments, and more efficient cross-border settlement while preserving regulatory oversight.
Clever Robot News Desk 10th July 2026
Related Article
