SWIFT Evolution: The 11,500-Bank Bridge to Blockchain đâïž
âSWIFT just signaled the end of the "messaging-only" era. In a massive move at Sibos 2025, the global banking giant and 30+ Tier-1 banks (including JP Morgan, HSBC, and Citi) announced a new blockchain-based shared ledger to unify traditional finance with tokenized assets.
âThe Fast Facts:
âThe Problem: Todayâs digital assets live on "islands" (isolated blockchains).
âThe Solution: A unified ledger that allows banks to trade tokenized bonds, real estate, and CBDCs across one secure network.
âThe Speed: Moves from T+2 settlement (days) to instant, 24/7 settlement.
âThe Tech: Initial prototypes are being built using Ethereum-based technology (via Consensys) to ensure maximum compatibility.
âWhy This Matters:
âSWIFT isn't just watching the crypto revolution; they are absorbing it. By connecting their existing network of 11,500 institutions to the blockchain, they are positioning themselves to remain the "central nervous system" of global money for the next century.