SWIFT: Blockchain-based shared ledger enters MVP stage

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Golden Finance reports that on March 30, SWIFT (the Society for Worldwide Interbank Financial Telecommunication) announced that its blockchain-based shared ledger project has made significant progress. It has completed the design phase with multiple banks worldwide and is now officially in the build stage for constructing the first minimum viable product (MVP) iteration, with plans to launch live transactions within 2026.
The ledger is intended to enable interoperability of tokenized deposits between banks and to support cross-border payments 24/7. On the functionality level, it supports executing payments using tokenized deposits, reuses existing compliance processes, and is compatible with multiple settlement methods.
SWIFT said the ledger’s core advantages include: speeding up payment execution, improving liquidity visibility, reducing reconciliation workload, and enabling interoperability across institutions. Currently, SWIFT is working in parallel with banks around the world to accelerate the financial industry’s transition to digital finance.

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