2026-01-15 11:32:18

The success of digital asset interoperability testing has brought new opportunities for Swift. This global payment system giant officially announced plans to incorporate blockchain-based shared ledgers into its technological infrastructure, aiming for a 24/7 uninterrupted real-time cross-border payment experience. Currently, more than 30 global banks are involved in this design phase collaboration.

This initiative is a key part of the Swift digital asset pilot program. Looking back at this payment giant's exploration trajectory reveals its sincerity: collaborating with UBS and Chainlink to achieve seamless bridging between tokenized assets and existing payment systems; jointly with Citibank to complete settlement and payment tests for fiat and digital currencies; working with BNY Mellon and the Reserve Bank of Australia to facilitate digital asset transactions through commercial bank accounts; and finally, partnering with HSBC and Ant International to deploy a blockchain interoperability solution based on the ISO 20022 standard on their network.

From this series of collaborations, it is clear that traditional financial infrastructure is gradually embracing blockchain technology, especially in core scenarios such as cross-border payments and digital currency settlements, which are no longer just conceptual but are being implemented and validated.

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BlockchainDecoder

· 1h ago

From a technical perspective, the involvement of more than 30 banks still depends on the implementation details of the ISO 20022 standard; having a consensus framework alone is not enough. Research shows that the real bottleneck in cross-border payments has never been the confirmation speed on the chain but the clearing and settlement logic. Can Swift break through this time? It is worth noting that the Chainlink + UBS combination has already tested the waters with token bridging, and now that they are expanding fully, it might be a bit late. Overall, the path for traditional finance to embrace blockchain is quite clear—start with pilot projects, then form alliances, and finally dare to take serious action. What stage is Swift at now? It is recommended to pay attention to the profit distribution logic behind this—how more than 30 banks share costs and benefits. This is the key to whether it can truly be implemented.

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GasFeePhobia

· 9h ago

Swift is really not pretending anymore. Over 30 banks are jointly working on blockchain, and this time it's really happening.

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AllInAlice

· 9h ago

Swift's move is truly brilliant; over 30 banks have joined the alliance. Traditional finance has now been completely compromised.

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AirdropHunterXiao

· 9h ago

Swift is really giving up, going all in on blockchain? Over 30 banks are joining together, now traditional finance is really forced to evolve...

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CrossChainBreather

· 9h ago

This time it's really different. Swift is truly making moves, no longer just talking about it. SWIFT is serious this time, with over 30 banks pushing together for 24/7 cross-border instant settlement. If this really materializes, traditional finance will be completely transformed. Wait, the ISO 20022 standard, Ant, HSBC—all involved—are they really aiming to achieve interoperability? Finally, it's no longer just a PPT project. Major banks are participating in the design phase, indicating that the money has truly been invested. This time, blockchain finally has a chance to move from concept to reality. With Swift leading, the old traditional financial system will genuinely start to shift.

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