Swift introduces blockchain-based ledger
Payments,
29 September 2025
https://www.swift.com/news-events/news/swift-introduces-blockchain-based-ledger
Summary: Swift announced at Sibos 2025 in Frankfurt the integration of a blockchain-based shared ledger into its technology infrastructure to enhance cross-border payments. This initiative, developed with over 30 global financial institutions and Consensys, aims to enable real-time, 24/7 transactions across more than 200 countries. The ledger will ensure secure, interoperable, and compliant transactions using smart contracts, complementing Swift’s existing messaging, APIs, and ISO 20022 standards. The first use case focuses on instant cross-border payments, offering real-time visibility, automated compliance, and interoperability with traditional and emerging networks. Over 30 leading banks, including HSBC, Citi, and Deutsche Bank, are collaborating on its design and governance. The project begins with a conceptual prototype, with timelines to be determined by development and testing phases. This move underscores Swift’s commitment to innovation, resilience, and scalability in global finance.