SWIFT has launched the first phase of its blockchain ledger, with 17 global banks set to pilot tokenized deposit payments for round the clock cross border settlements.

SWIFT has launched the first phase of its blockchain ledger, with 17 global banks set to pilot tokenized deposit payments for round the clock cross border settlements.

SWIFT launches blockchain ledger pilot with 17 banks including HSBC, Citi, and UBS to test tokenized deposit payments for 24/7 cross-border transfers.