Swift adds blockchain-based ledger to technology infrastructure
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Swift adds blockchain-based ledger to technology infrastructure 30 September 2025SIBOS Reporter: Tahlia Kraefft
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Swift, a global messaging network, will add a blockchain-based shared ledger to its technology stack, to facilitate instant, cross-border transactions on a large scale.
The global messaging provider, and a group of more than 30 financial institutions internationally, have started work to develop a shared digital ledger, initially focused on real-time 24/7 cross-border payments.
Swift will collaborate with Consensys on a conceptual prototype of the ledger, to facilitate transactions using any form of regulated tokenised value.
Separately, building on earlier pilots, Swift will also add capability to support interoperability across existing and emerging systems for various use cases.
Developments are part of Swift’s strategies to deliver an experience through innovation on parallel tracks — upgrading existing rails while creating future digital rails to maximise infrastructure options for the sector.
The ledger — a secure, real-time log of transactions between financial institutions — will document, sequence, and authenticate transactions, and enforce rules through smart contracts.
Feedback on the design of the ledger will be provided to Swift from financial institutions from 16 countries.
If the development and proof of concept is successful, Swift will collaborate with its global community on implementation.
Swift CEO Javier Pérez-Tasso comments: “We provide powerful and effective rails today and are moving at a rapid pace with our community to create the infrastructure stack of the future.
“Through this initial ledger concept we are paving the way for financial institutions to take the payments experience to the next level with Swift’s proven and trusted platform at the centre of the industry’s digital transformation.”
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Image: Lerbank-bbk22/stock.adobe.com 