Banks to pilot live transactions on Swift's blockchain-based shared ledger
What's happening
Swift has made its blockchain-based shared ledger available for pilot use, with 17 banks from six countries preparing to run live transactions using tokenised deposits to support 24/7 cross-border and consumer payments. Major UK banks including Barclays, HSBC, Lloyds Bank and NatWest are among institutions adopting Swift's new consumer payments framework and preparing to use the ledger's orchestration layer for bank‑issued tokenised deposits. Swift positions the ledger as an interoperable platform that enables round‑the‑clock payments, better liquidity efficiency and secure orchestration between participating banks.
Why it's trending
Because banks and Swift are moving from experiments to live pilots that promise 24/7 cross-border settlement using tokenised deposits.
SignalHolding at its usual pace, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
If you think blockchain hasn't fixed cross-border payments, Swift's 17-bank pilot proves the industry is finally done theorising and ready to run real money 24/7 on a shared ledger.
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Original sources6
- Swift Goes Live with New Blockchain-Based Ledger
Swift has officially launched its new blockchain-based ledger that will support 24/7 cross-border payments with tokenized deposits, enabling funds to move in any regulated form, anywhere, with a high level of security. The shared, blockchain-based ledger offers banks an orchestration layer for bank-issued tokenized deposits on their own ledgers. The blockchain ledger enables banks to Read more...
FinovateJul 9 - Swift’s Blockchain Ledger Opens New Possibilities for Global Payments
Swift has launched a blockchain-based ledger, allowing 17 international partner banks to send cross-border payments using tokenized deposits as the traditional banking industry accelerates its adoption of blockchain technology. Banks across six continents will be able to use the Swift ledger to process payments outside normal banking hours. The system is designed to interoperate with […] The
PaymentsJournalJul 9 - Swift Cuts Ribbon on Blockchain-Based Cross-Border Payments Ledger
Global financial messaging platform Swift says its blockchain-based ledger is ready for use. Seventeen banks are preparing live pilot transactions on the ledger, which supports 24/7 cross-border payments with tokenized deposits, Swift announced Thursday (July 9). “With our new ledger capability, we’re extending the trust and stability of established finance into the frontiers of digital money,” Th
PYMNTSJul 9
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