Swift announces the integration of blockchain into its network for instant payments

Swift goes to blockchain. Interbank network Swift Today has announced partnership with Consensys – Leading Ethereum Development Company (ETH) – to develop a joint registry based on technology blockchain . This project aims to ensure implementation transboundary payments in real -time mode and improve compatibility between existing and new financial systems. This initiative marks a significant step in the introduction of blockchain technology by traditional financial institutions.

The key points of this article:

• The SWIFT interbank network has announced a partnership with Consensys to develop a joint registry based on blockchain technology.
• More than 30 world financial institutions, such as JP Morgan Chase and HSBC, have supported this project that aims to provide real -time cross -border payments.

Swift is involved in blockchain using Consensys In a press release published on September 29, 2025, a network Swift (Society of World Interbank Financial Telecommunications) has announced a partnership with Consensys for Integration of a joint registry based on blockchain into your global financial infrastructure.

The joint registry will be designed for “recording, ordering and checking transactions between financial institutions while ensuring compliance with the rules by means of smart contracts ”. He will also be compatible with existing and new networks.

“We create a powerful and effective infrastructure today and are moving with our community quickly to create the infrastructure of the future. Thanks to this initial registry concept, we pave the way for financial institutions to bring payment experience to a new level using a proven and reliable SWIFT platform, which is the basis of digital transformation of the industry. “

Havier Tasso, CEO of Swift

The project supported by the largest banks in the world This blockchain project integrated into the SWIFT network supports above 30 world financial institutions who seek to ensure Cross -border payments in real -time mode 24 hours a day, 7 days a week.

This project is supported by leading financial institutions, including JP Morgan Chase , HSBC , Deutsche Bank , BNP Paribas and Société générale . These banks provide reviews on the registry design and will cooperate with SWIFT over its implementation.

Joint Register will allow banks to be reliably and scaled transmit tokenized values between digital ecosystems. Swift will focus on infrastructure while commercial and central banks Determine the types of tokens which will be exchanged.

This initiative is part of the overall Swift strategy on Modernization of payment infrastructure and the preparation of the sector to digital finances . By integrating blockchain technology, the famous interbank network makes A significant step forward in Bitcoin (BTC) introduction and cryptocurrencies by traditional financial institutions .

Source: Journalducoin.com