Swift Rolls Out New Blockchain Ledger to Bring 24/7 Banking to 17 Global Giants

Swift said 17 major banks including HSBC, UBS, Wells Fargo and Citi are preparing to pilot live transactions on its new blockchain-based shared ledger using tokenized deposits. The tests aim to enable round-the-clock cross-border payments, according to CoinDesk, allowing banks to move customer funds overnight and on weekends while final settlement remains on existing payment rails. Participants also include BNP Paribas, BNY and others across six continents; Swift says the platform will support regulated digital money and tokenized assets across multiple blockchains.