Swift Tests Blockchain Ledger for 24/7 Cross-Border Tokenized Transfers

Swift has begun testing a blockchain-based digital ledger to enable uninterrupted cross-border transfers of tokenized deposits between member banks, aiming to speed transactions and cut fees. The test is at an early stage, with no timeline for rollout, but signals a major step toward mainstream tokenization in banking. If successful, it could reshape correspondent banking and accelerate digital asset adoption.