SWIFT will introduce blockchain ledgers to expand its existing financial infrastructure.

Odaily Planet Daily reports that Swift has officially announced its collaboration with over 30 banks globally to advance the design of a blockchain-based ledger system. This system aims to expand existing financial infrastructure and support the large-scale circulation of tokenized assets. Swift states that the ledger will record and verify transaction order through smart contracts, enabling parallel operation with existing systems, addressing the fragmentation problem in digital finance, and improving the efficiency of global cross-border payments and asset transfers.