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Jul 7, 2026

Swift Launches Blockchain-Based Ledger for Tokenized Cross-Border Payments with 17 Banks

Swift announced its blockchain-based ledger is ready for initial use, with 17 banks from six continents preparing to pilot live transactions using tokenized deposits for 24/7 cross-border payment availability. The system moved from concept to activation in nine months.

Jul 7, 2026·9 sources
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Top claims

  • ▪The Swift blockchain-based ledger provides participating banks with a secure orchestration layer for bank-issued tokenized deposits on their own ledgers.
  • ▪The 17 banks participating in the Swift ledger pilot include ANZ, BNP Paribas, BNY, Citi, DBS, HSBC, Standard Chartered, UBS, UOB, and Wells Fargo.
  • ▪Thierry Chilosi stated that the Swift ledger capability extends the trust and stability of established finance into digital money while maintaining resiliency, security, and compliance.

Topics

Real World AssetsTokenizationGlobal tradePayment-focused coinsBlockchain technology
Institutional crypto adoption

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