Swift to support global transfers of both fiat and tokens
- —17 pioneer banks already settle tokenized value 24/7 across six continents
- —Supported currencies include EUR, GBP, HKD, SGD and USD
- —Swift targets at least 19 banks in live production by end-2026
- —A pay-by-alias pilot is running with 14 institutions, including BBVA, DBS and Commonwealth Bank
Why it matters: Swift is pushing traditional banks toward tokenized settlement, intensifying competition with stablecoins and networks such as Canton and Kinexys.
Source: Siam Blockchain