Swift Readies Ledger for 24/7 Token Transfers—Though True Settlement Is Stuck on Old Rails
Swift’s pilot allows 17 global banks to transfer tokenized deposits on weekends, but ultimate settlement still relies on legacy systems....
Key takeaways
- 1Swift's pilot enables 17 global banks to transfer tokenized deposits 24/7 on weekends and holidays.
- 2Final settlement still depends on legacy banking rails, limiting true blockchain benefits.
- 3Tokenized deposits allow instant transfers but remain constrained by traditional financial infrastructure.
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Why it matters
For Indian retail investors, this shows crypto infrastructure progress is incremental—banks gain efficiency perks while blockchain's core advantage (true 24/7 settlement) remains bottlenecked by legacy systems. Regulatory acceptance grows, but transformative change requires full settlement layer modernization.
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