SWIFT don launch blockchain ledger pilot for 24/7 cross-border payments
SWIFT don join hand wit more dan 30 global banks to build blockchain-based shared ledger wey dey record, order and verify cross-border payments for real time using smart contracts. Dem announce am for Sibos 2025 for Frankfurt and dem develop am with Consensys. The pilot go test 24/7 instant, multi-currency settlements plus regulated tokenized assets. The platform design to join well with existing messaging rails and new digital networks, e get risk controls and compliance inside payment flows. Banks wey dey participate—like Bank of America, JPMorgan, Deutsche Bank, HSBC, BNP Paribas, Wells Fargo, and BBVA—go decide how e go work and governance before e scale to global settlement network wey go connect public and private blockchains. Dem never set firm timeline but the initiative show how SWIFT dey push to modernize cross-border finance and prepare for future connection with CBDCs and digital assets.
Neutral
Di launch wey SWIFT do for hin blockchain ledger na infrastructua upgrade, e no be say dem dey issue cryptocurrency directly. E dey speed up tokenization and blockchain liquidity chances but e no go affect any token supply or demand sharp sharp. Traders fit benefit long term from di new regulated tokenized assets and better settlement efficiency, but short term price movement for major cryptocurrencies no too likely to change because of dis development.