Swift works on a blockchain for cross -border payments, with consensys prototype

By Hannah Pérez

SWIFT is modernizing the global infrastructure of payments with blockchain technology to facilitate the institutions and banks to process 24/7 payments of different types of assets, including Stablecoins.

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• The Global Swift Messenger Network modernizes global payments with Blockchain.
• He works with more than 30 banks in a blockchain from consensys prototype.
• Traffic payments 24/7 with multiple assets, including stablecoins and tokenized assets.

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Swiftthe global financial messaging network that connects more than 11,500 institutions in 200 countries, announced today at its annual Sibos conference in Frankfurt an ambitious plan to integrate a major book based on Blockchain to its technological infrastructure.

This movement seeks to transform cross -border payments, enabling instant and continuous transactions 24 hours a day, 7 days a week, according to an official statement from the company on Monday.

The World Interbank Financial Telecommunications Society, better known as Swift, will collaborate with more than 30 financial institutions from 16 countries, including giants such as Santander Bank, Bank of America, BNP Paribas, HSBC, JP Morgan Chase and Deutsche Bankto design and develop this largest digital book.

The project is based on a conceptual prototype developed with Consensysa leading technology company Blockchain known for your work in Ethereumincluding wallet development MetamSk. The initial approach will be to optimize cross -border payments in real time, with plans to expand its use to other cases in the future.

Transactions with various assets, including stablocoins

The main book, described as a safe and real -time registration of transactions between financial institutions, will use intelligent contracts to register, sequence and validate operations, guaranteeing regulatory compliance and resilience, distinctive characteristics of Swift. This will expand the financial communication role of Swift To a digital environment, the company said in the statement.

Javier Pérez-Tasso, CEO of Swifthe said during the announcement:

We are paving the way for financial institutions to take pay experience to the next level with the reliable Swift platform at the center of the digital transformation of the industry.

Besides, Swift Plan to introduce solutions that ensure interoperability between traditional and emerging systems, including public and private networks, to facilitate synchronized transactions. This approach responds to the growing adoption of digital assets, such as Stablecoinsthat have generated fears about the possible obsolescence of systems such as Swiftas it stands out COINDESK.

The final objective of the infrastructure based on Blockchain of Swift It will be to allow its members to use the network to transactions involving several types of digital assets, including Stablecoins and tokenized assets.

The network has already experienced with technology Blockchain In recent years, including digital asset evidence that began in 2025 and the Project Guardian of the Singapore monetary authority, of payments experimenting with payments with Blockchain.

Modernizing the global payments infrastructure

The project has the support of leading banks. Nigel Dobson, from Anz, stressed that “No institution can achieve this alone “ and praised the neutral role of Swift to promote global collaboration. For its part, Eva Rubio de BBVA stressed that the biggest book “It will unlock new efficiencies and opportunities“For customers, while Bruno Mellado de BNP Paribas He emphasized his Potential to connect ecosystems Blockchain With traditional payment networks.

A schedule for the project was not provided, which the company stressed is part of its strategy to promote payments “regardless of how the value moves “ and “Prepare industry for digital finances”

Swift It shows a dual approach: modernize traditional infrastructure while building digital rails for the future, which reflects its commitment to maintain its leadership in a quick evolution financial environment, guaranteeing speed, transparency and safety for banks, companies and consumers worldwide.

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Article written with the help of AI, edited by Diariobitcoin

Image of Unspash, edited with Swift logo

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