SWIFT Completes Design Phase of Blockchain Shared Ledger with International Banks

SWIFT said it completed the design phase of a blockchain-based shared ledger co-designed with over 40 international banks.

The project has entered active development of an MVP that SWIFT plans to run with real-world transactions later in 2026.

The permissioned, EVM-compatible ledger built on Hyperledger Besu will record interbank payment commitments and enable interoperability for 24/7 tokenized deposit settlements.