Swift’s Blockchain Ledger Goes Live: 17 Banks to Pilot 24/7 Settlement
Summary
Swift has launched a blockchain-based shared ledger for production use and will pilot live transactions with 17 major banks across six continents. The ledger lets banks move tokenized deposits around the clock while keeping settlement inside the regulated banking perimeter. Swift built the system on Hyperledger Besu and uses ISO 20022 messaging plus Chainlink CCIP for interoperability. The rollout positions Swift against stablecoin-based settlement models and against other bank-led tokenized deposit networks.
Classifications
industries
Fintech & Banking
applications
Computer Utilities
AskAI Classifications
Labels
Blockchain Infrastructure
Developer Tools
SaaS
Linked Companies
Chainlink
$10M to $25M