Swift's blockchain ledger goes live, at least 19 banks to join by year-end
- —Swift's blockchain ledger is live and in use by major financial institutions
- —At least 19 banks are expected to join by the end of the year
- —Payments run on tokenized deposits across five major currencies
- —Swift announced development of the ledger at Sibos a year ago
Why it matters: The largest interbank messaging network moving settlement onto a blockchain accelerates institutional adoption of tokenized deposits.
Source: PANews