SWIFT’s 24/7 Blockchain Ledger with Consensys and 30+ Banks

Published: 2025-09-30 04:04:14 |

SWIFT, in partnership with Consensys and over 30 global banks including JPMorgan Chase, Bank of America and Citigroup, has unveiled a conceptual prototype of a real-time, 24/7 blockchain ledger to streamline cross-border payments. The platform supports tokenized asset transfers, smart contract validation and enhanced interoperability between existing fiat rails and emerging digital finance systems. Following positive feedback from participating banks, SWIFT plans to roll out the blockchain ledger across its network of 11,500 institutions in more than 220 countries, which currently processes $150 trillion in annual transactions. This upgrade aligns with SWIFT’s strategy to modernise its payment infrastructure, bridge traditional finance with CBDCs and tokenized assets, and deliver faster, cost-effective and secure cross-border payments globally.

Bullish

SWIFT’s move to integrate a real-time, 24/7 blockchain ledger with Consensys and over 30 major banks marks a significant institutional endorsement of distributed ledger technology. In the short term, traders may see increased demand for digital asset infrastructure tokens and heightened market optimism as interoperability and tokenization gain traction. Over the long term, this development could drive broader adoption of blockchain in traditional finance, bolster liquidity in tokenized asset markets and support sustained bullish sentiment across the crypto sector.