Silent Revolution: When SWIFT Embraced The Blockchain
Swift and 30+ banks, including JPMorgan and HSBC, are developing a blockchain ledger to enable real-time, 24/7 cross-border payments and regulated tokenized asset transfers.
- On September 29, 2025, SWIFT CEO Javier Perez-Tasso announced at Sibos that SWIFT would integrate blockchain into its core infrastructure.
- SWIFT made this move due to rising blockchain adoption, regulatory clarity, and pressure from emerging digital payment systems threatening its dominance.
- More than 30 global financial institutions, including JPMorgan and HSBC, are collaborating with SWIFT and Consensys to build a blockchain ledger for real-time, 24/7 cross-border payments.
- SWIFT said the ledger will act as a secure, real-time log that records, sequences, and validates transactions, enforcing rules via smart contracts to move regulated tokenized value.
- This blockchain initiative marks a new chapter for SWIFT, aiming to modernize global finance and prevent irrelevance amid evolving digital asset ecosystems.
39 Articles
39 Articles
SWIFT and top global banks working on blockchain-based overhaul
SWIFT and over 30 global banks are rapidly developing a blockchain-based shared digital ledger to enable instantaneous, 24/7 cross-border payments. This initiative aims to modernize international transactions, making them cheaper and interoperable with emerging digital currencies like stablecoins and CBDCs, leveraging SWIFT's extensive global network.
SWIFT’s Blockchain Breakthrough: Banks Race to Supercharge Global Payments!
Key Facts: – SWIFT has launched a major effort with 30+ global banks and Consensys (Ethereum software firm) to build a blockchain-based shared ledger for cross-border payments reuters.com swift.com. Why SWIFT Is Overhauling Payments For decades, SWIFT (the Society for Worldwide Interbank Financial Telecommunication) has run the messaging “plumbing” behind bank transfers – a system connecting >11,000 institutions in 200+ countries, moving trillio…
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