Swift Launches Blockchain Ledger for Cross-Border Payment Pilot

Published by

Nidhi Kolhapur

July 9, 2026

Swift said its blockchain-based shared ledger is ready for initial use, enabling 24/7 cross-border payments using tokenized deposits while keeping existing credit and risk standards. Seventeen global banks are preparing to pilot live transactions on the platform. The project aims to improve payment speed, liquidity management, and cash flow visibility without replacing Swift’s existing network. The live pilot is expected to begin as participating banks start testing real transactions.

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