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- SWIFT partners with ConsenSys and 30 banks to build a blockchain ledger.
- Real-time, 24/7 cross-border payments are the initial focus.
- Ledger supports regulated tokenized assets and smart contract rules.
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SWIFT, the global interbank messaging system, is stepping into blockchain technology with plans to launch a shared ledger in partnership with Ethereum software company ConsenSys. Announced at Sibos 2025, this initiative aims to revolutionize cross-border payments by enabling real-time, 24/7 transactions while maintaining security and regulatory compliance.
Global Banks Join Forces on the Ledger
More than 30 major financial institutions, including JPMorgan, HSBC, and Bank of America, are collaborating on this blockchain project. These banks will provide critical feedback during the prototype phase, ensuring the shared ledger meets the practical needs of the global financial system. The initiative aims to expand access to regulated tokenized assets and open up new blockchain use cases for banking operations.
Consensys Partnership and Technical Infrastructure
SWIFT’s partnership with ConsenSys leverages the Ethereum Layer-2 network Linea to create a scalable and resilient ledger infrastructure. The blockchain will record, sequence, and validate transactions while using smart contracts to enforce operational rules. Unlike Ripple’s XRPL, Linea was chosen for its security features and compatibility with interbank messaging standards.
Also Read: SWIFT vs XRP: How Ripple’s XRP Could Revolutionize Global Payments
Bridging Traditional and Digital Finance
The new ledger positions SWIFT as a bridge between traditional finance and emerging digital ecosystems. By supporting both private and public networks, SWIFT ensures safe and efficient cross-border transactions while enabling banks to scale regulated tokenized value movements. Previous collaborations with Chainlink also demonstrate SWIFT’s commitment to integrating blockchain into existing financial messaging systems.
With this initiative, SWIFT signals a major step toward digital transformation in banking. Real-time, blockchain-enabled cross-border payments could soon become a standard, reshaping how banks operate and how money moves globally. This shared ledger could mark the start of a more efficient, transparent, and accessible financial system worldwide.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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