Swift rolls out new blockchain ledger to bring 24/7 banking to 17 global giants

FinanceSwift rolls out new blockchain ledger to bring 24/7 banking to 17 global giantsHSBC, UBS, Wells Fargo and Citi are among the 17 banks now preparing to pilot live transactions using tokenized digital assets on Swift’s new blockchain payments platform.By Olivier Acuna|Edited by Jamie Crawley Jul 9, 2026, 11:08 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowSwift is planning live tests of a blockchain-based shared ledger with 17 major banks to enable round-the-clock cross-border payments using tokenized deposits.The new system is designed to let banks move customer funds overnight and on weekends, with final settlement still occurring through existing payment rails.Swift says the ledger will support regulated digital money and tokenized assets across multiple blockchains, extending traditional banking controls to faster, always-on payments.A roster of 17 banks are preparing to begin testing live transactions on Swift’s blockchain-based ledger, a step toward round-the-clock cross-border payments using tokenized deposits.Swift said the ledger is ready for initial use by banks across six continents in an announcement on Thursday. Its aim is to allow banks to move funds for customers overnight and on weekends, before final settlement through existing payment systems.The banks taking part include UBS, BNP Paribas, BNY, Citi, HSBC, and Wells Fargo.Swift, the bank-owned messaging network used by more than 11,500 financial institutions, announced the development of this shared ledger platform in October. It then said it would allow banks to settle transactions involving stablecoins and tokenized assets across multiple blockchains, working alongside current payment rails, not replacing them.Swift, said the system gives banks a shared layer for tokenized deposits issued on their own ledgers. Tokenized deposits are digital versions of commercial bank money.“With our new ledger capabilit…

Swift rolls out new blockchain ledger to bring 24/7 banking to 17 global giants

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