Global financial messaging leader Swift has announced a major step toward digital transformation by integrating a blockchain-based shared ledger into its core infrastructure. This move is set to reshape the way cross-border payments are processed, offering real-time, secure, and 24/7 transaction capabilities through smart contract technology.
A Major Leap Into Real-Time Blockchain Payments
In the first phase of the rollout, Swift’s new blockchain-based system will focus on real-time cross-border payments, aiming to deliver faster, more transparent transactions. The infrastructure will leverage smart contracts to validate and record tokenized assets, ensuring both security and efficiency. By maintaining interoperability with traditional financial systems and emerging blockchain networks, Swift is positioning itself as a central player in the evolving world of digital finance.
Importantly, Swift is committed to aligning with global regulatory standards, which has long been a concern in the crypto and blockchain industry. This compliance-driven approach is expected to reassure both regulators and financial institutions during the adoption process.
Global Bank Collaboration and Ethereum Layer 2 Integration
More than 30 major global banks — including Santander, Bank of America, BNP Paribas, and HSBC — are actively collaborating with Swift on this initiative. These institutions are offering feedback and support to ensure the successful deployment and scalability of the system.
This project builds upon a prototype developed in partnership with blockchain development firm Consensys. Reports suggest that Swift is experimenting with Ethereum Layer 2 network Linea, as part of its broader strategy to transition onto blockchain. This will allow Swift to maintain high transaction speeds and low fees, while still benefiting from the security of Ethereum’s mainnet.
Swift’s CEO, Javier Pérez-Tasso, emphasized the goal of this transformation is to “enhance the payments experience while keeping Swift at the center of global finance.”
Beyond just payments, Swift is also working on client-focused solutions that will allow for seamless asset movement across both private and public blockchains. These new tools will be crucial in helping institutions manage digital assets and maintain liquidity across various blockchain ecosystems.
Serving over 11,500 financial institutions worldwide, Swift is rapidly accelerating its blockchain adoption strategy, following its initial digital asset transaction trials announced for 2025. This latest development marks a significant milestone in Swift’s journey to remain a cornerstone of global finance in the digital era.
