SWIFT is developing a shared ledger for 24/7 cross-border payments, new things growing out of old infrastructure. Liquidity efficiency really needs someone to redo it.

CoinWorld reports that Wu Says has learned that SWIFT has announced that its blockchain-based ledger is preliminarily available, supporting financial institutions in achieving 24/7 cross-border payments through tokenized deposits. Seventeen banks from six continents are preparing to pilot real-time trading, including ANZ, BNP Paribas, BNY Mellon, Citigroup, DBS, HSBC, Standard Chartered, UBS, Wells Fargo, and others. SWIFT said that this shared ledger can provide a secure orchestration layer for tokenized deposits issued by banks, and complete final settlement through existing systems to enhance global liquidity efficiency, thereby supporting innovations such as programmable money and agent commerce in the future.