| Mobile Web

SWIFT launches shared blockchain ledger with 17 banks to support 24/7 tokenised deposit payments

SWIFT has moved a blockchain-based shared ledger into an initial operating phase and is preparing real-transaction pilots with 17 global banks across six continents using tokenised deposits. The structure links tokenised deposits issued by participating banks on a common foundation while continuing to use the existing SWIFT network. The project aims to enable 24-hour, year-round fund transfers, with final settlement maintained through existing financial systems. SWIFT targets completing real transactions in the second half of 2026.