Swift The blockchain ledger is now in use, with at least 19 banks expected to connect by year-end
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AT A GLANCE
Swift The blockchain ledger has gone live, with at least 19 banks expected to connect by year-end and support payments in 5 major currencies.
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Swift The blockchain ledger is now in use, with at least 19 banks expected to connect by year-end
PANews September 30 reported that Swift CEO Javier Pérez-Tasso said at Sibos 2026 that Swift the blockchain-based ledger has gone live and is being used by some large global financial institutions. At least 19 banks are expected to use the ledger by the end of this year, enabling / payments through tokenized deposits covering 5 major currencies.Swift The development of this ledger was announced at the Sibos conference last year.
PANews September 30 reported on Swift CEO Javier Pérez-Tasso's remarks at Sibos 2026.
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Javier Pérez-Tasso said that Swift the blockchain-based ledger has gone live.
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The ledger is being used by some large global financial institutions.
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At least 19 banks are expected to use the ledger by the end of this year.
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The payments will use tokenized deposits covering 5 major currencies to enable / payments.
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Swift The development of this ledger was announced at the Sibos conference last year.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This means that Swift the blockchain ledger developed by the company has moved from the development stage into actual use. Based on the expectations expressed in the remarks, banks could make payments through the ledger and tokenized deposits without being limited by regular business hours. However, the original text does not specify the banks, currencies, transaction volumes, or operating arrangements involved.
Why it matters to readers
If more banks connect as expected, the ledger could expand the practical use of tokenized deposits for / payments and strengthen Swift its role in the relevant payment infrastructure.
Beginners can understand it this way: traditional financial institutions are experimenting with blockchain ledgers to process digital payments in the form of bank deposits, but this is not direct news about ordinary cryptocurrency prices.
Risks and unknowns
At least 19 banks connecting by year-end is an expectation, not an accomplished fact.
The original text did not disclose the names of the financial institutions already using or planning to connect to the ledger.
The original text did not specify the names of the 5 major currencies.
The original text did not provide transaction volumes, technical details, settlement arrangements, or data on regular operations.
Information about the ledger going live and being used comes from media reports paraphrasing the remarks of the Swift CEO; the original text did not provide independent verification.
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Related concepts
blockchain ledger
This term is not in the glossary yet. Browse related concepts in the glossary.
