{"id":79987,"date":"2026-07-09T17:23:20","date_gmt":"2026-07-09T17:23:20","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/79987\/"},"modified":"2026-07-09T17:23:20","modified_gmt":"2026-07-09T17:23:20","slug":"swift-rolls-out-new-blockchain-ledger-to-bring-24-7-banking-to-17-global-giants","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/79987\/","title":{"rendered":"Swift rolls out new blockchain ledger to bring 24\/7 banking to 17 global giants"},"content":{"rendered":"<p>A roster of 17 banks are preparing to begin testing live transactions on Swift\u2019s blockchain-based ledger, a step toward round-the-clock cross-border payments using tokenized deposits.<\/p>\n<p>Swift said the ledger is <a href=\"https:\/\/www.swift.com\/news-events\/press-releases\/swifts-blockchain-ledger-ready-use-17-banks-set-pioneer-tokenised-cross-border-payments-trusted-global-infrastructure\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">ready for initial use by banks across six continents<\/a> in an announcement on Thursday. Its aim is to allow banks to move funds for customers overnight and on weekends, before final settlement through existing payment systems.<\/p>\n<p>The banks taking part include UBS, BNP Paribas, BNY, Citi, HSBC, and Wells Fargo.<\/p>\n<p>Swift, the bank-owned messaging network used by more than 11,500 financial institutions, <a href=\"https:\/\/www.coindesk.com\/business\/2025\/10\/05\/what-swift-s-blockchain-means-for-stablecoins-and-global-banks\" rel=\"nofollow noopener\" target=\"_blank\">announced the development of this shared ledger platform<\/a> in October. It then said it would allow banks to settle transactions involving stablecoins and tokenized assets across multiple blockchains, working alongside current payment rails, not replacing them.<\/p>\n<p>Swift, said the system gives banks a shared layer for tokenized deposits issued on their own ledgers. Tokenized deposits are digital versions of commercial bank money.<\/p>\n<p>\u201cWith our new ledger capability, we\u2019re extending the trust and stability of established finance into the frontiers of digital money,\u201d said Thierry Chilosi, Swift\u2019s chief business officer.<\/p>\n","protected":false},"excerpt":{"rendered":"A roster of 17 banks are preparing to begin testing live transactions on Swift\u2019s blockchain-based ledger, a step&hellip;\n","protected":false},"author":2,"featured_media":79988,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20667],"tags":[665,9881,24077],"class_list":["post-79987","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hsbc","tag-banks","tag-hsbc","tag-tokenized-deposits"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116891182856857476","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/79987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=79987"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/79987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/79988"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=79987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=79987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=79987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}