Swift Readies Blockchain Ledger with 17 Banks for 24/7 Token Transfers on Thursday

HSBC1.94%
WFC2.08%
According to an announcement on Thursday, Swift said 17 banks across six continents are preparing to use its blockchain-based ledger for tokenized deposit transfers. Participating institutions include Global Systemically Important Banks such as Citi, HSBC, BNY, Wells Fargo, BNP Paribas, Standard Chartered, and UBS. The ledger enables banks to move tokenized deposits overnight and on weekends, though ultimate fiat settlement still relies on legacy systems operating during business hours. Swift noted the feature improves client experience and global liquidity efficiency while maintaining compliance standards.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments