Swift, the backbone of global financial messaging, takes a significant step forward by incorporating a blockchain-based ledger into its infrastructure. This strategic move promises to transform how financial institutions process transactions across more than 200 countries and territories worldwide.
⚡️ JUST IN: SWIFT is building a blockchain ledger with 30+ banks using Consensys. pic.twitter.com/N77v4vJWRd
— Cointelegraph (@Cointelegraph) September 29, 2025
Collaborative Innovation in Action
The initiative brings together more than 30 leading financial institutions, including JPMorgan Chase, HSBC, and Bank of America. Together with technology partner Consensys, these organizations will develop a shared digital ledger focused initially on enabling real-time, 24/7 cross-border payments. This collaboration marks a significant evolution in global financial infrastructure. Moreover, the system will facilitate transactions using various forms of regulated tokenized value, expanding the possibilities for digital finance.
Technical Framework and Implementation
The new blockchain-based system will introduce smart contracts to record, sequence, and validate transactions automatically. Swift’s implementation focuses on maintaining their hallmark security and reliability while adding new capabilities. Furthermore, the system emphasizes interoperability, allowing seamless integration with both existing financial networks and emerging digital platforms. The infrastructure will maintain Swift’s proven standards for resilience and compliance while enabling faster, more transparent transactions.
Transforming Global Finance
This innovation represents more than a technical upgrade – it signals a fundamental shift in global financial operations. Financial institutions will gain the ability to process transactions instantly, regardless of time zones or geographical boundaries. The system will support various forms of digital assets while maintaining regulatory compliance. Additionally, the infrastructure will enable banks to offer enhanced services to their customers, from instant cross-border payments to new digital asset capabilities.
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