Catenaa, Saturday, October 04, 2025- Global financial messaging network Swift announced plans to integrate a blockchain-based ledger into its infrastructure to improve cross-border payments.
The initiative is grounded in a conceptual prototype developed with Consensys and aims to provide real-time, 24/7 settlement for tokenized assets.
The ledger will use smart contracts to record, sequence, and validate transactions while remaining compatible with existing financial systems.
Over 30 global banks, including Banco Santander, Bank of America, BNP Paribas, and HSBC, will advise on the design and later assist with deployment.
Swift said the project focuses on ensuring secure interoperability between public and private networks, maintaining the network’s compliance and regulatory standards.
CEO Javier Pérez-Tasso described the initiative at the Sibos conference in Frankfurt as a step toward transforming the payments experience, emphasizing that Swift’s trusted platform will remain central to industry innovation.
The company intends to introduce client solutions for seamless transactions across traditional and digital systems, reflecting growing interest in digital assets and tokenized finance.
Swift services more than 11,500 financial institutions worldwide and has previously explored blockchain integration, including live trials for digital asset settlements in 2025.
The collaboration with Consensys is reportedly testing Ethereum Layer 2 solutions, notably the Linea network, for efficient on-chain processing.
The move positions Swift at the forefront of financial infrastructure modernization, bridging conventional banking networks with emerging blockchain technology while preserving oversight and compliance.
