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SWIFT launches blockchain layer for tokenized deposits with 17 banks, keeping traditional settlement systems intact.

Market News
13 Jul 2026
Dailycoin
View Source
Neutral
pluang ai news

SWIFT has activated a new blockchain-based interlinking solution allowing 17 pilot banks to transact tokenized deposits on a mutual ledger, aiming for 24/7 payments and improved liquidity. This blockchain layer acts as an orchestration and messaging platform over existing SWIFT infrastructure, not replacing traditional settlement systems. Chainlink facilitates interoperability between SWIFT and various distributed ledgers, while XRP is used optionally through separate partnerships, not as the core settlement asset. This development signals growing institutional adoption of tokenization and interoperable payment rails, enabling multiple crypto networks to compete for real-world financial flows.

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