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SWIFT is teaming up with ConsenSys and over 30 global banks to build a blockchain-based shared ledger. This new system will enable real-time, around-the-clock cross-border payments, making transactions faster, more secure, and transparent. The initial prototype, developed by ConsenSys, aims to support regulated tokenized assets and improve interoperability with existing payment networks. This move marks a major step in modernizing the global financial infrastructure and enhancing the cross-border payment experience for financial institutions worldwide.
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- Sohrab Khawas
Sohrab Khawas
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Sep 29, 2025 10:42 UTC
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Swift and ConsenSys Join Forces for 24/7 Cross-Border Payment Blockchain
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