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Citi and Swift Successfully Test Hybrid Blockchain Settlement System

Citi and Swift Successfully Test Hybrid Blockchain Settlement System

Author:

Global Cryptocurrency

Published:

2025-11-15 10:16:02

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BTCCSquare news:

Citi and Swift have completed a landmark trial demonstrating cross-currency settlements between fiat and digital assets using existing financial infrastructure. The experiment Leveraged Swift's network with blockchain connectors to create a Payment-versus-Payment mechanism without requiring systemic changes to banking supervision frameworks.

The hybrid model significantly reduces settlement risk while maintaining regulatory compliance. Tom Zschach of Swift emphasized the breakthrough isn't about creating new money forms, but about proving modernization can occur within current supervisory boundaries. The test represents a pragmatic step toward institutional adoption of digital asset transactions at scale.

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