SWIFT Crypto Ledger Targets Settlement Dead Zones With 17-Bank Go-Live
SWIFT's Hyperledger Besu shared ledger hits initial readiness, enabling tokenized deposit transactions across 17 major banks for 24/7 cross-border settlement.
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Swift's July 9 announcement caps a nine-month build; pilots span 17 banks on six continents — including Citi, HSBC, UBS and Wells Fargo — with final settlement still on existing rails.
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