🌐 SWIFT launches its own blockchain.

The international payment system SWIFT announced the readiness of its own blockchain ledger for conducting cross-border payments using tokenized deposits.

17 of the largest banks have already joined the pilot launch, including Citi, HSBC, UBS, BNP Paribas, Standard Chartered, Wells Fargo, and others.

What this will provide:
• Banks will be able to conduct international transfers 24/7, including nights and weekends.
• Funds will be moved via tokenized deposits, while final settlement will remain within the existing banking infrastructure.
• According to SWIFT, this will increase the speed of international payments and liquidity management efficiency.

SWIFT also stated that the new ledger will become the foundation for further development of Programmable Money and settlements involving AI agents (Agentic Commerce).

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