Swift Integrates Blockchain Ledger into Its Infrastructure System

　　Xinhua Finance Beijing, October 14 - Xinhua Finance learned on the 13th that the Society for Worldwide Interbank Financial Telecommunication (Swift) will introduce a blockchain-based shared ledger into its technical infrastructure. This move is regarded as a critical step in the global financial sector, holding the potential to enable instant, 24/7 cross-border transactions on a large scale.

　　Currently, Swift has collaborated with over 30 global financial institutions to jointly design and build this shared ledger. The first use case of the initiative will focus on real-time, 24/7 cross-border payments. Swift will steadily advance and complete the prototype development of the first phase, and based on this, gradually define subsequent work directions.

　　It is understood that this ledger is a natural extension of Swift's ongoing ecosystem innovation and digital asset pilot work over the past two years. To enhance the interoperability between Distributed Ledger Technology (DLT) and existing fiat currency payment channels, Swift also announced it will launch a customer-facing solution to coordinate the operations of different systems. This solution will support both private and public blockchains, ensuring efficient and synchronized processing for various use cases.

　　At present, financial institutions from 16 countries and regions are providing feedback to Swift on the design of this ledger. After completing the relevant development and proof of concept, Swift will proceed with implementation in collaboration with its global community. Banks participating in the design work include:

　　Swift CEO Javier Pérez-Tasso previously announced this shared ledger initiative at the opening of Sibos 2025. He stated: "We already have robust and efficient payment channels in place and are working closely with our partner community to accelerate the development of future infrastructure systems. Through this initial ledger concept, we aim to provide financial institutions with new pathways to further advance payment experiences by leveraging Swift's mature and trusted platform, playing a significant role in the industry's digital transformation."