{"id":33360,"date":"2026-07-09T12:00:00","date_gmt":"2026-07-09T10:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=cca2d30c812c9ac747b880ddefb2572d"},"modified":"2026-07-09T12:00:00","modified_gmt":"2026-07-09T10:00:00","slug":"swifts-blockchain-ledger-ready-for-use-as-17-banks-set-to-pioneer-tokenised-cross-border-payments-on-trusted-global-infrastructure","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=33360","title":{"rendered":"Swift\u2019s Blockchain Ledger Ready for Use as 17 Banks Set to Pioneer Tokenised Cross-Border Payments on Trusted Global Infrastructure"},"content":{"rendered":"<ul class=\"bwlistdisc\">\n<li>\n<b>Swift moves from concept to activation of blockchain-based ledger in nine months<\/b><\/li>\n<li>\n<b>17 banks from six continents are now preparing to pilot live transactions using tokenised deposits for 24\/7 payment availability and better liquidity efficiency<\/b><\/li>\n<li>\n<b>The addition to Swift\u2019s resilient global platform marks a key milestone for regulated digital assets, creating a foundation that could support future innovations in areas such as programmable money and agentic commerce<\/b><\/li>\n<\/ul><p>BRUSSELS--(BUSINESS WIRE)--Swift today announced that its blockchain-based ledger is ready for initial use, enabling early adopter financial institutions to support 24\/7 cross-border payments with tokenised deposits \u2014 and marking a decisive step in scaling the benefits of digital value across the regulated global financial system.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260708432053\/en\/2848274\/5\/Screen_use_PNG_Swift_Logo_RGB_Dark_Green.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260708432053\/en\/2848274\/22\/Screen_use_PNG_Swift_Logo_RGB_Dark_Green.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260708432053\/en\/2848274\/5\/Screen_use_PNG_Swift_Logo_RGB_Dark_Green.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260708432053\/en\/2848274\/21\/Screen_use_PNG_Swift_Logo_RGB_Dark_Green.jpg\" \/><\/a><p>\nSeventeen banks from six continents are preparing to pilot live transactions, reflecting strong global demand for the new addition to Swift\u2019s technology stack and its ability to unlock faster, flexible money movement across the world. The shared ledger provides participating banks with a secure orchestration layer for bank-issued tokenised deposits on their own ledgers, enabling them to move funds for customers -- including overnight and on weekends -- before completing final settlement through existing systems. Banks benefit from improved client experience and global liquidity efficiency without compromising compliance, credit, risk and control standards embedded in existing payment processing.<\/p><p>\nIt\u2019s the first use case for the ledger, which Swift announced last year and designed and built with feedback from international financial institutions in just nine months. The development sets the stage for next generation innovation and interoperability on infrastructure already trusted to move the equivalent of world GDP every two to three days between more than 200 markets and with a record for sustaining the highest levels of operational excellence.<\/p><p>\n<b>Thierry Chilosi, Chief Business Officer at Swift, said:<\/b> \u201cWith our new ledger capability, we\u2019re extending the trust and stability of established finance into the frontiers of digital money. It allows tokenised value to move across borders with the velocity and flexibility modern commerce expects, while maintaining the same high levels of resiliency, security, and compliance global finance requires. The strong support from banks shows the practical value of this approach \u2014 one that will help scale benefits globally while creating a foundation for future innovation in areas like programmable money and agentic commerce.\u201d<\/p><p>\nThe ledger, which will expand in functionality and availability after the initial controlled go-live phase, builds upon improvements already made by Swift and its community to existing rails. A full 75 percent of payments on the network reach beneficiary banks within 10 minutes, and often in seconds, and the cooperative is going even further to advance the industry to meet the G20 targets for international transactions. With its community, Swift is implementing a retail payments framework that ensures upfront transparency on fees, full value delivery and a faster, more consistent experience for consumers. Together with the ledger, the upgrades provide a strong foundation for the future that will enable value to move in any regulated form, anywhere, with the highest levels of security and resilience.<\/p><p>\nBanks that will pilot initial live transactions on the ledger include:<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth33\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nANZ<\/p><\/td><td class=\"bwvertalignt bwwidth33\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFirstRand Bank Limited<\/p><\/td><td class=\"bwvertalignt bwwidth34\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOCBC<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth33\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nBNP Paribas<\/p><\/td><td class=\"bwvertalignt bwwidth33\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nHSBC<\/p><\/td><td class=\"bwvertalignt bwwidth34\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nStandard Chartered<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth33\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nBNY<\/p><\/td><td class=\"bwvertalignt bwwidth33\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIta\u00fa Unibanco<\/p><\/td><td class=\"bwvertalignt bwwidth34\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nUBS<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth33\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCiti<\/p><\/td><td class=\"bwvertalignt bwwidth33\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nLloyds Bank<\/p><\/td><td class=\"bwvertalignt bwwidth34\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nUOB<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth33\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDBS<\/p><\/td><td class=\"bwvertalignt bwwidth33\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nMashreq<\/p><\/td><td class=\"bwvertalignt bwwidth34\" colspan=\"1\" rowspan=\"1\">Wells Fargo<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth33\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFirst Abu Dhabi Bank (FAB)<\/p><\/td><td class=\"bwvertalignt bwwidth33\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nMUFG Bank<\/p><\/td><td class=\"bwvertalignt bwwidth34\" colspan=\"1\" rowspan=\"1\"\/>\n<\/tr>\n<\/table><p>\n<b>Lisa Vasic, Managing Director Transaction Banking, ANZ, said: <\/b>\u201cSwift\u2019s digital ledger initiative is an important step in advancing real-time, always-on cross-border payment capabilities. By combining Swift\u2019s trusted network with this new infrastructure, we see strong potential to help customers move funds in real-time and manage liquidity more flexibly. Building on our deep experience in digital assets, ANZ is committed to working with Swift and global partners to securely scale next-generation payments infrastructure and deliver more efficient, always-on payments capabilities.\u201d<\/p><p>\n<b>Pierre Fersztand, Global Head of Cash Management, Payments, Trade Solutions and Factoring for the BNP Paribas Group, said: <\/b>\u201cWe are proud to be among the first banks to pilot Swift\u2019s blockchain-based ledger - a significant milestone in the evolution of cross-border payments. This achievement reflects BNP Paribas\u2019 ongoing collaboration with Swift to shape the next phases of the ledger\u2019s development. By supporting this initiative, we reaffirm our commitment to industrialising digital finance at scale. Our goal is clear: to deliver measurable value to corporate clients through faster, more transparent, and more secure transactions.\u201d<\/p><p>\n<b>Carl Slabicki, Head of Commercial, Global Payments &amp; Trade at BNY, said: <\/b>\u201cWe are pleased to continue collaborating with Swift on the use of shared ledger technology to support greater interoperability in cross-border payments. This work is an important step in understanding how these capabilities may evolve over time in a way that complements existing infrastructure and meets the needs of clients globally.\u201d<\/p><p>\n<b>Debopama Sen, Head of Payments, Services, Citi, said: <\/b>\u201cThe launch of Swift\u2019s blockchain-based ledger represents an important step towards enabling always-on payments and liquidity. Collaborating on this initiative reinforces Citi\u2019s commitment to our clients for making cross-border money movement seamless and instant. Leveraging Swift\u2019s innovative blockchain based messaging infrastructure allows us to create interoperable payment solutions, powered by Citi's network, enhances our ability to serve our global clients with greater speed, resilience and security.\u201d<\/p><p>\n<b>Lim Soon Chong, Group Head of Global Transaction Services (GTS) at DBS, said: <\/b>\u201cBlockchain-based ledgers and tokenised money enable banks to deliver greater speed, transparency and real-time liquidity to better support client needs. Interoperability with existing payment rails and application in real world use cases will be critical for these capabilities to scale. By leveraging Swift\u2019s extensive network with DBS\u2019 track record in tokenised deposits and cross-border payments, we can contribute meaningfully as one of the pioneer banks on Swift\u2019s blockchain-based ledger \u2013 underscoring our commitment towards shaping a resilient and future-ready global banking system.\u201d<\/p><p>\n<b>Manish Kohli, Head of Global Payments Solutions at HSBC, said: <\/b>\u201cAt HSBC, we are leading the charge in scaling tokenised deposits across multiple markets worldwide. We are pleased to be one of the first banks to connect our Tokenised Deposit Service to Swift\u2019s new blockchain-based ledger infrastructure, building on our existing 24\/7, compliant tokenised deposits capabilities. This is an important milestone in the evolution of cross border payments and a positive step towards making them work the way our clients\u2019 businesses operate today - in real time, across time zones, and without artificial cut-offs. By using tokenised deposits on a regulated, bank-issued basis and connecting them through Swift\u2019s trusted global network, we can improve liquidity efficiency, strengthen cash-flow visibility, and deliver a more seamless 24\/7 experience for corporates.\u201d<\/p><p>\n<b>Kim Verhaaf, Managing Director for Payments at Lloyds Banking Group, said: <\/b>\u201cThis marks progress in the development of on-chain ecosystems. As an early participant, we have supported the development of Swift\u2019s blockchain-based ledger, reflecting the value of industry collaboration in advancing digital finance.\u201d<\/p><p>\n<b>Joel Van Dusen, Group Head of Corporate and Investment Banking at Mashreq, said: <\/b>\"Mashreq is committed to shaping the future of financial services through innovation in digital banking. By collaborating with Swift to utilise next generation ledger technologies, we will enable faster settlement and enhance the security of transaction processing for our clients.\"<\/p><p>\n<b>Masahiro Matsumoto, Senior Fellow, Global Head of Transaction Banking at MUFG Bank, said: <\/b>\u201cMUFG Bank is proud to join Swift and global industry partners in advancing the exploration of next-generation financial market infrastructure. We see strong potential for tokenized deposits and distributed ledger technology to contribute to more efficient and transparent cross-border payments and liquidity management over time. Through our participation in this initiative, we are focusing on piloting and evaluating practical use cases, while carefully considering how these innovations can be integrated into existing financial ecosystems in a safe, scalable, and client-centric manner.\u201d<\/p><p>\n<b>Mr Melvyn Low, Group Chief Strategy and Transformation Officer at OCBC, said: <\/b>\u201cOCBC has been building our blockchain and tokenisation capabilities as part of a broader focus on strengthening our AI, Digital and Data expertise. We look forward to working with Swift and the partner banks to enable real-time, 24\/7 cross-border tokenised transactions leveraging the Swift ledger, to better serve the payment needs of our customers.\u201d<\/p><p>\n<b>Mahesh Kini, Global Head of Cash Management at Standard Chartered, said: <\/b>\u201cWe are redefining cross-border payments with Swift\u2019s new blockchain-based ledger \u2013 combining tokenised deposits with our global network to deliver instant, always-on money movement. This will position our FI and Corporate clients at the forefront of payments innovation \u2013 unlocking real-time visibility, enhanced liquidity control, and the speed needed to stay ahead in managing capital globally.\u201d<\/p><p>\n<b>Mr. Andreas Kubli, Managing Director, Group Head of Digital Assets at UBS, said: <\/b>\u201cWe see interoperability as the key enabler for scaling tokenised deposits beyond individual institutions. Swift\u2019s ledger is an important industry initiative that can help connect digital money networks, supporting real-time settlement, greater liquidity mobility and the broader adoption of tokenised payments and digital assets across the global financial ecosystem.\u201d<\/p><p>\n<b>So Lay Hua, Head of Group Transaction Banking at UOB, said: <\/b>\u201cSwift\u2019s blockchain-based ledger has moved from concept to live infrastructure, marking an important step towards practical adoption of new payment capabilities. For businesses, real-time, 24\/7 cross-border payments can improve settlement speed, liquidity efficiency and cash flow visibility. UOB is among the first banks in this industry collaboration, bringing our regional network and transaction banking expertise to support secure, scalable and interoperable solutions that help businesses move value with greater confidence across borders.\u201d<\/p><p>\n<strong>About Swift<\/strong><\/p><p>\nSwift is a global member owned cooperative and the world\u2019s leading provider of secure financial messaging services. We provide our community with a platform for messaging and standards for communicating, and we offer products and services to facilitate access and integration, identification, analysis and regulatory compliance.<\/p><p>\nOur messaging platform, products and services connect more than 11,500 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories. While Swift does not hold funds or manage accounts on behalf of customers, we enable our global community of users to communicate securely, exchanging standardised financial messages in a reliable way, thereby supporting global and local financial flows, as well as trade and commerce all around the world.<\/p><p>\nAs their trusted provider, we relentlessly pursue operational excellence; we support our community in addressing cyber threats; and we continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies. Our products and services support our community\u2019s access and integration, business intelligence, reference data and financial crime compliance needs. Swift also brings the financial community together \u2013 at global, regional and local levels \u2013 to shape market practice, define standards and debate issues of mutual interest or concern.<\/p><p>\nHeadquartered in Belgium, Swift\u2019s international governance and oversight reinforces the globally inclusive character of its cooperative structure. Swift\u2019s global office network ensures an active presence in all the major financial centres.<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<strong>Press Contacts:<\/strong><br\/>FGS Global\n<br\/>+32 (0)2655 3377\n<br\/><a  href=\"mailto:Swift@fgsglobal.com\" rel=\"nofollow\" shape=\"rect\">Swift@fgsglobal.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Swift moves from concept to activation of blockchain-based ledger in nine months<\/p>\n<p>17 banks from six continents are now preparing to pilot live transactions using tokenised deposits for 24\/7 payment availability and better liquidity efficiency<\/p>\n<p>The ad&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33360","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/33360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33360"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/33360\/revisions"}],"predecessor-version":[{"id":33361,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/33360\/revisions\/33361"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}