Swift Teams Up With Consensys: Blockchain Payments Revolution Is Coming
- Swift and Consensys are building a blockchain ledger for 24/7 cross-border payments.
- Over 30 major banks, including HSBC and Bank of America, are involved in shaping the rollout.
- Ethereum Layer 2 tech may be central to Swift’s migration, bridging TradFi and DeFi.
Swift, the global financial messaging backbone serving over 11,500 institutions, is making a major leap into blockchain. The company revealed it will integrate a shared blockchain-based ledger into its infrastructure, with cross-border payments as the first big use case. This new design builds on a conceptual prototype Swift has been developing with Consensys, setting the stage for a more transparent and real-time financial future.
What the Ledger Will Do
The ledger will aim to process transactions 24/7, recording and validating movements of tokenized value through smart contracts. Interoperability is the key—Swift wants the system to work smoothly with both existing rails and the next generation of decentralized networks, all while keeping its gold-standard compliance in place. Over 30 major institutions—including HSBC, Bank of America, BNP Paribas, and Banco Santander—are already lending input and will help steer adoption.
Ethereum Layer 2 and the DeFi Connection
Reports suggest Swift is experimenting with Ethereum Layer 2 Linea, powered by Consensys, to underpin its system migration. If true, this could create a bridge between TradFi and DeFi, letting banks settle transactions on-chain at scale. For an industry that still wrestles with delays and costs in cross-border transfers, the shift could prove transformative.
— Swift (@swiftcommunity) September 29, 2025
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As Sibos 2025 begins, it was an honour to open trading at the Frankfurt Stock Exchange this morning.
Our CEO, Javier Perez-Tasso, Chief Corporate Officer, Rosemary Stone, and Chair of the Swift Board, Graeme Munro, attended the ceremony, hosted… pic.twitter.com/sbE3IvUvcu
Why It Matters for the Future
Swift CEO Javier Pérez-Tasso summed it up at Sibos in Frankfurt: this ledger isn’t just about payments—it’s about leading digital transformation. With trials of digital assets already planned for 2025, Swift is now openly signaling that the blockchain era of payments may finally be near.
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Swift Teams Up With Consensys: Blockchain Payments Revolution Is Coming
- Swift and Consensys are building a blockchain ledger for 24/7 cross-border payments.
- Over 30 major banks, including HSBC and Bank of America, are involved in shaping the rollout.
- Ethereum Layer 2 tech may be central to Swift’s migration, bridging TradFi and DeFi.
Swift, the global financial messaging backbone serving over 11,500 institutions, is making a major leap into blockchain. The company revealed it will integrate a shared blockchain-based ledger into its infrastructure, with cross-border payments as the first big use case. This new design builds on a conceptual prototype Swift has been developing with Consensys, setting the stage for a more transparent and real-time financial future.
What the Ledger Will Do
The ledger will aim to process transactions 24/7, recording and validating movements of tokenized value through smart contracts. Interoperability is the key—Swift wants the system to work smoothly with both existing rails and the next generation of decentralized networks, all while keeping its gold-standard compliance in place. Over 30 major institutions—including HSBC, Bank of America, BNP Paribas, and Banco Santander—are already lending input and will help steer adoption.
Ethereum Layer 2 and the DeFi Connection
Reports suggest Swift is experimenting with Ethereum Layer 2 Linea, powered by Consensys, to underpin its system migration. If true, this could create a bridge between TradFi and DeFi, letting banks settle transactions on-chain at scale. For an industry that still wrestles with delays and costs in cross-border transfers, the shift could prove transformative.
— Swift (@swiftcommunity) September 29, 2025
As Sibos 2025 begins, it was an honour to open trading at the Frankfurt Stock Exchange this morning.
Our CEO, Javier Perez-Tasso, Chief Corporate Officer, Rosemary Stone, and Chair of the Swift Board, Graeme Munro, attended the ceremony, hosted… pic.twitter.com/sbE3IvUvcu
Why It Matters for the Future
Swift CEO Javier Pérez-Tasso summed it up at Sibos in Frankfurt: this ledger isn’t just about payments—it’s about leading digital transformation. With trials of digital assets already planned for 2025, Swift is now openly signaling that the blockchain era of payments may finally be near.
The post Swift Teams Up With Consensys: Blockchain Payments Revolution Is Coming first appeared on BlockNews.
Читать больше
What is Plasma XPL and How Does is Work? Everything You Need to Know Before You Buy