SWIFT Goes Onchain as Consensys Builds Prototype – 30 Banks Eye 24/7 Settlement

Consensys has worked with SWIFT and more than 30 banks across 16 countries on a shared-ledger concept that has recorded, sequenced, and validated transactions in tests. The design has prioritized real-time 24/7 cross-border payments, interoperability with public and private networks, and coexistence with CBDCs, tokenized assets, and commercial bank money, while engaging feedback from participating institutions at Sibos in Frankfurt.

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