Experts evaluated the choice of Linea as a test blockchain for SWIFT.

Today it became known that SWIFT developers, together with a number of the largest global banks, have begun testing the transfer of their own payment messaging system into the blockchain environment. According to The Big Whale, the chosen partner is the Linea project — a Layer 2 solution for Ethereum developed by Consensys. Participants in the pilot include financial giants such as BNP Paribas and BNY Mellon.

The renowned Asian expert Colin Wu noted that the project is in its early stages and, according to sources, may take several months before the first results appear. However, the mere fact of the participation of more than a dozen leading banks underscores the scale of the initiative and its significance for the future of global payment infrastructure. In the long term, this has the potential to accelerate and simplify international settlements.

According to analysts, the key reason for choosing Linea is its special emphasis on privacy. The network utilizes advanced cryptographic proofs, which is important for banks that combine regulatory requirements with the need for innovation. This balance allows for the testing of new technologies without violating safety and confidentiality rules.

SWIFT unites over 11,000 financial organizations and serves as the primary channel for transmitting payment data. However, the existing system is considered cumbersome, centralized, and reliant on numerous intermediaries. In this context, blockchain could become a real breakthrough, offering faster and cheaper transactions.

Although testing has already begun, there is currently no talk of creating or issuing stablecoins. The main focus is on the messaging infrastructure rather than on generating digital assets. This underscores a cautious approach where banks first study the underlying technology. Analysts note that the successful implementation of such a project could impact the currency settlement and liquidity markets.