BUSINESSDECRYPT
Swift Readies Ledger for 24/7 Token Transfers—Though True Settlement Is Stuck on Old Rails
Swift has launched a pilot enabling 17 global banks to conduct tokenized deposit transfers on weekends, though final settlement still depends on legacy financial systems.
Related Signal
Adjacent reporting
- Swift launches blockchain ledger for tokenized deposit pilot with 17 banks
- JPMorgan, Citi-backed consortium plans to launch tokenized deposit network in early 2027: WSJ
- JPMorgan, Citi-backed Clearing House plans tokenized deposit network in 2027: WSJ
- UK proposes near-24/7 settlement to prepare markets for tokenization