CoinDesk·3 min read·medium
Swift rolls out new blockchain ledger to bring 24/7 banking to 17 global giants
O
Olivier Acuna
✦AI Summary
Swift has launched a new shared blockchain ledger platform to enable 24/7 banking transactions for 17 global financial institutions. The system allows banks to settle tokenized deposits and stablecoins across borders while maintaining final settlement through existing payment rails.
Swift said the ledger is ready for initial use by banks across six continents in an announcement on Thursday. Its aim is to allow banks to move funds for customers overnight and on weekends, before final settlement through existing payment systems.
technologybusinesscrypto
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in