SWIFT's Shared Ledger Paves Way for Interoperability with Multiple Networks

SWIFT is developing an Ethereum Virtual Machine (EVM)-based 'shared ledger' to facilitate tokenized deposits and 24/7 cross-border payments. The project uses Hyperledger Besu, a Java-based blockchain platform that supports multiple chains, including Ethereum.

The shared ledger's design allows for interoperability with various networks, which could potentially include Ripple's infrastructure without explicitly mentioning XRP. Analysts point out that the use of EVM and Hyperledger Cacti, a 'plug and play toolkit,' enables the integration of different blockchains and tokens.