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SWIFT has launched the initial deployment of its blockchain-powered ledger after 9 months of development.
🏦 17 global banks, including HSBC, Citi, UBS, BNP Paribas, DBS, ANZ, and Standard Chartered, will pilot tokenised deposits for 24/7 cross-border payments while maintaining full regulatory compliance.
🌐 SWIFT says the ledger is designed to complement, not replace, its existing network, paving the way for programmable money and digital asset innovation.