SWIFT Rolls Out Blockchain Ledger Pilot with 17 Global Banks

SWIFT has launched its blockchain ledger pilot with 17 global banks. The project aims to enable tokenized deposit payments for round-the-clock cross-border settlements.

The new ledger will support weekend and overnight payments, while maintaining compliance, risk, and control standards used in existing banking systems.

Participating banks include HSBC, Citi, BNP Paribas, UBS, ANZ, DBS, and Standard Chartered. The rollout follows months of blockchain development and testing as banks explore tokenized deposits within regulated financial infrastructure.

The initial deployment is the first step in expanding both the functionality and availability of the ledger after a controlled launch phase.