SWIFT announced it will add a blockchain-based shared ledger to its technology infrastructure, aiming to make instant, always-on cross-border transactions possible at scale and to support the trusted movement of regulated tokenised value across digital ecosystems. Work has begun with a group of more than 30 financial institutions from 16 countries to design and build the ledger, with an initial focus on real-time 24/7 cross-border payments. Consensys will develop a conceptual prototype, and the ledger is envisaged as a secure, real-time log that records, sequences and validates interbank transactions and enforces rules through smart contracts, while being built for interoperability with existing and emerging networks. Separately, SWIFT also plans to roll out client solutions to orchestrate interoperability between distributed ledger technology and existing fiat currency rails, supporting both private and public networks for various use cases. SWIFT intends to complete the prototype in phase one and define future phases of work, then work with its global community on implementation following successful development and proof of concept.
SWIFT 2025-09-29
SWIFT launches development of a blockchain-based shared ledger to support real-time 24/7 cross-border payments
SWIFT is integrating a blockchain-based shared ledger into its infrastructure to enable instant, 24/7 cross-border transactions and support regulated tokenised value movement. Collaborating with over 30 financial institutions, SWIFT aims to develop a secure, interoperable ledger with Consensys, alongside solutions for interoperability between distributed ledger technology and fiat currency systems.