Press Enter to search · ESC to close

RWA Crypto

SWIFT Blockchain Ledger Completes First Real-Time Transaction

SWIFT, which routes about $5 trillion daily for cross-border settlements, has launched a blockchain ledger and completed its first real-time transaction with HSBC and Standard Chartered, cutting settlement time to seconds. This move responds to competition from stablecoins and tokenized deposits, with BNY and Citi projecting the tokenized cash and securities markets to reach $3.7 trillion and $5.5 trillion by 2030, respectively.

Original source

AI take

SWIFT's move signals that incumbent financial infrastructure is not ceding the real-time settlement race to stablecoin networks. By partnering with major global banks, it leverages existing correspondent banking relationships, potentially offering a more trusted and compliant alternative for institutional cross-border payments. The significance lies in the competitive pressure this places on stablecoin issuers and tokenized deposit platforms, which have been courting the same corporate and banking clients. The key question is whether SWIFT's ledger can achieve meaningful transaction volume and liquidity beyond the pilot stage, as network effects and adoption will ultimately determine its impact on the broader tokenized asset market.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback