TLDR
- SWIFT has announced the launch of a blockchain-based shared book to support 24/7 Realtime’s cross-border payments.
- The new blockchain book aims to improve scalability and reduce costs and delays that are traditionally associated with cross -border transactions.
- SWIFT will cooperate with over 11,500 financial institutions globally and transform how international payments are dealt with.
- The leader will use smart contracts to ensure confidence and compliance with registration and validation of transactions.
- Large global banks such as UBS, BBVA, BNY and HSBC will collaborate with Swift to pilot the new blockchain book.
Swift has revealed its plan to integrate a blockchain-based shared book into its infrastructure. This initiative, which was announced at the Sibos conference in Frankfurt on September 29, 2025, aims to revolutionize cross-border payments. The new blockchain book will facilitate real -time, 24/7 global transactions with improved scalability, manage challenges such as delays and high costs in traditional cross -border payments.
Swift’s blockchain-Ledger initiative is aimed at scalability and speed in global transactions. By integrating over 11,500 financial institutions, SWIFT aims to reshape how payments are treated internationally. The initiative comes when the financial ecosystem increasingly includes blockchain technology and digital assets. Company like Ripple And its XRP is already focused on cross -border payments, and Swift’s Move places it at the forefront of digital funding.
Swift adds blockchain book for cross -border payments
Swift’s new distributed main book technology will support cross -border payments in real time. It will solve long -term challenges such as delays in the decommissioning and high costs associated with traditional payment methods. Swift’s blockchain book will validate and register transactions with smart contracts, which ensures compliance and trust among users. Javier Pérez-Tasso, CEO of Swift, emphasizedThe
“Through this first book concept, we pave the way for financial institutions to improve payments.”
Financial institutions from 16 countries collaborate on Ledger’s design. Phase one of the project focuses on completing the prototype and setting future stages of development. Ledger’s design aims to integrate traditional financing with new digital ecosystems, making it adaptable to current financial systems. Swift’s new systems can also link several distributed main book platforms seamlessly.
Consensys Partnership Position Swift for digital funding
Swift will collaborate with large global institutions to bring the new digital general ledger to the market. Banks such as UBS, BBVA, BNY and HSBC will collaborate with Swift to test the system. The goal is to ensure that banks can solve regulated value in real time, which can unlock new opportunities in the financial sector. Eva Rubio, Head of Global Transaction Bank at BBVA, pronounced,
“Swift’s Digital Ledger Initiative is a gaming exchange for cross-border payments.”
The integration of digital financing and tokenized assets will be central to Swift’s blockchain book. By integrating tokenized value, the general ledger will support digital currencies and other forms of regulated financial assets. Previous tests have shown that Swift’s infrastructure can bridge the gap between traditional financial systems and blockchain networks without disturbing the service.
Swift’s partnership with Chain link And other blockchain platforms strengthen their move to the digital financial world. Over the past seven years, Swift and Chainlinkk have collaborated on various initiatives. These collaborations have helped to connect financial institutions to blockchain networks with existing message standards.
In addition, Swift’s commitment is in ConsensusThe developer of Layer 2 Blockchain Linea, signals his commitment to the blockchain space. As a result, the price of Linea increased after Swift’s announcement of its partnership. The combination of these partnerships positions Swift as an important player in the future for cross -border payments.
