Swift Advances to MVP for Interbank Blockchain Ledger
Swift has completed the design phase of its blockchain-based shared ledger and is moving to a 24/7 MVP to enable interoperable, tokenised-deposits-enabled cross-border payments; the open-source, EVM-compatible stack (Hyperledger Besu) will be live for real-world transactions later this year, with banks running their own environments and Swift orchestrating interbank workflows while leveraging existing RTGS and settlement mechanisms to improve liquidity visibility and reduce reconciliation across more than 11,500 institutions in 200+ countries and 40,000+ payment routes.