The international payment system Swift has officially announced the full readiness of its innovative blockchain ledger for its initial launch. This unique development, created in less than nine months, will allow financial institutions to execute round-the-clock cross-border payments using tokenized deposits. The shared ledger will provide banks with a secure level of coordination, enabling them to process transfers for clients even at night and on weekends prior to final settlement through the existing payment infrastructure. This solution will radically improve the customer experience and enhance global liquidity management efficiency while maintaining all traditional compliance and risk management requirements.

Seventeen major banks from six continents, including giants such as Citi, HSBC, UBS, BNP Paribas, and Wells Fargo, have already joined the large-scale pilot project. According to Thierry Chorlay, Swift's Chief Business Development Officer, the new infrastructure masterfully combines the advantages of digital assets with the strict requirements of the traditional financial system. Tokenized value will be able to move across borders with the speed and flexibility expected by modern commerce, while maintaining high levels of resilience and security. Following a successful controlled launch, the functionality and geographical availability of the ledger will be gradually and steadily expanded.

This step has become a logical continuation of Swift's strategy for the digitalization of global finance. It is worth noting that the company is already demonstrating impressive results: today, about 75% of all payments in the network reach recipient banks within ten minutes, and often in just a few seconds. In parallel with the launch of the blockchain ledger, Swift is actively working on implementing a completely new retail payment structure. This initiative is designed to ensure maximum transparency of fees, guarantee the delivery of the full transfer amount, and make international settlements even faster and more convenient for end users around the world.