Swift, the global financial messaging network has announced a transformative step to integrate a blockchain-based shared ledger into its infrastructure.
According to a press release, Swift announced the move at the Sibos conference in Frankfurt on September 29, 2025.
The platform said its initiative aims to enable instant, 24/7 cross-border transactions with unprecedented scalability.
The rollout of the blockchain ledger comes amid the growing embrace of crypto across the financial ecosystem.
Companies like Ripple and its XRP target the cross-border payments market, and by connecting over 11,500 financial institutions across more than 200 countries, Swift may be eyeing a major shift.
Also, collaborating with Consensys and over 30 global financial institutions, Swift is poised as a major player seeking to redefine digital finance.
Notably, this is not Swift’s first foray into the blockchain space.
Swift adds blockchain ledger for cross-border payments
Swift’s distributed ledger technology platform targets real-time, 24/7 cross-border payments as its initial use case, addressing long-standing challenges like settlement delays and high costs.
Additionally, the ledger will record, sequence, and validate transactions using smart contracts, ensuring trust and compliance.
Javier Pérez-Tasso Chief Executive Officer Swift in his statement insisted,“Through this initial ledger concept we are paving the way for financial institutions to take the payments experience to the next level with Swift’s proven and trusted platform at the centre of the industry’s digital transformation.”
Financial institutions from 16 countries are contributing to the ledger’s design, with phase one focusing on completing the prototype and defining future development stages.
Pilot to see Swift partner with major banks
Swift’s ledger is also aiming to integrate traditional finance with emerging digital ecosystems, supporting digital finance and tokenized assets.
The system is designed for integration, connecting existing financial systems with new blockchain networks, with earlier experiments showing its infrastructure can link multiple distributed ledger platforms without disruption.
Fostering inclusivity across global markets, The Ledger will enable banks to transact using any regulated tokenized value.
Swift will collaborate with major institutions and banks, including UBS, BBVA, BNY and HSBC to bring the DLT to the market.
“Swift’s digital ledger initiative is a game-changer for the future of cross-border payments. The ability to settle regulated value in real time – with the reliability and security that the industry expects from Swift – will unlock new efficiencies and opportunities for our clients,” said Eva Rubio, head of global transaction banking at BBVA Corporate & Investment Banking.
Chainlink and LINEA
The announcement of a blockchain ledger targeting global cross-border transactions follows previous pilots that involved Chainlink and other platforms.
In a comment, Chainlink said:
“Over more than seven years, Chainlink and Swift have collaborated across numerous initiatives, all with a common theme of enabling financial institutions to connect to blockchain networks using their existing infrastructure and messaging standards.”
Last week, the price of Consensys developed layer 2 blockchain Linea soared amid related news.
In particular, reports noted that Swift was set to launch a pilot for its messaging system on the platform.
Swift’s announcement and confirmation of a partnership with Consensys has helped LINEA price remain near its highs on Friday.
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