Swift launches blockchain ledger with 17-bank tokenized deposit pilot
Key Questions
What is Swift's tokenized deposit pilot?
Swift has launched a blockchain-based ledger pilot involving 17 global banks to test tokenized deposits for cross-border payments and settlements.
Why is Swift's blockchain initiative significant?
It represents a major institutional endorsement of tokenization and regulated on-chain money, aligning with growing DeFi and real-world asset trends.
How could Swift's pilot impact crypto markets?
The pilot may accelerate adoption of regulated tokenized deposits on blockchains, potentially bridging traditional finance with decentralized infrastructure.
Swift's 17-bank tokenized deposit pilot is a massive institutional signal for tokenization and cross-border payments. Aligns with DeFi and RWA trends. Could accelerate regulated money on blockchain.
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Updated Jul 10, 2026