Swift's Blockchain Ledger Ready as 17 Banks from Six Continents Pilot Tokenized Cross-Border Payments

According to Swift's official announcement on July 9, the company's blockchain-based ledger is ready and 17 banks from six continents are preparing to pilot tokenized deposits for 24/7 cross-border payments. The ledger provides a secure orchestration layer that allows participating banks to issue tokenized deposits on their own ledgers and enable round-the-clock fund transfers before final settlement through existing systems.
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