Swift readies blockchain ledger for live tokenized payment pilots with 17 global banks
The post Swift readies blockchain ledger for live tokenized payment pilots with 17 global banks appeared on BitcoinEthereumNews.com. Swift has moved its blockchain-based ledger from development to live implementation. It announced that 17 banks across six continents are preparing to pilot cross-border payments using tokenized deposits. The milestone marks Swift’s first live use case for the ledger. It enables participating banks to offer 24/7 cross-border payments while continuing to settle transactions through existing financial infrastructure. The move signals growing institutional adoption of regulated digital asset technology rather than public blockchain payment networks. Swift shifts from blockchain testing to live pilots Swift said its blockchain-based ledger is now ready for initial use, less than a year after the project was announced. The shared ledger acts as an orchestration layer that allows banks to move tokenized deposits issued on their own ledgers. This enables custo