Swift and ConsenSys Join Forces for 24/7 Cross-Border Payment Blockchain
SWIFT has partnered with ConsenSys and more than 30 global banks to develop a blockchain-based shared ledger. The collaboration aims to revolutionize cross-border payments by enabling real-time, 24/7 transactions with enhanced speed, security, and transparency.
The prototype, built by ConsenSys, focuses on supporting regulated tokenized assets while ensuring interoperability with existing payment networks. This initiative represents a significant leap forward in modernizing financial infrastructure for institutions worldwide.