Swift Cuts Ribbon on Blockchain-Based Cross-Border Payments Ledger

Global financial messaging platform Swift says its blockchain-based ledger is ready for use. Seventeen banks are preparing live pilot transactions on the ledger, which supports 24/7 cross-border payments with tokenized deposits, Swift announced Thursday (July 9). “With our new ledger capability, we’re extending the trust and stability of established finance into the frontiers of digital money,” Thierry Chilosi , Swift’s chief business officer, said in a news release.