DEPLOYMENT · GLOBAL
Swift launches blockchain ledger for 24/7 cross-border payments; 17 banks pilot live
Swift, the global financial messaging platform, has activated a blockchain-based ledger enabling around-the-clock cross-border payments using tokenized deposits. Seventeen banks are conducting live pilot transactions on the system.
WHY IT MATTERS
First production-grade distributed ledger for high-value settlement removes FX and timezone friction; early adoption signals industry shift away from legacy correspondent banking rails.
Source: PYMNTS · 2026-07-09