@kolyantrend
SWIFT has launched a blockchain-based ledger for tokenized deposits, enabling 24/7 cross-border interbank payments. Seventeen banks from six continents, including BNP Paribas, Citi, HSBC, and Wells Fargo, will begin pilot payments on the network. SWIFT developed the ledger from proof of concept to activation in nine months. The system allows correspondent banks to manage liquidity more efficiently by settling tokenized deposits outside of traditional banking hours. Thierry Chilosi, SWIFT Chief Business Officer, stated the blockchain maintains the security and compliance standards required by global finance. SWIFT noted this ledger provides a foundation for future programmable money and agentic payments.
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