SWIFT: The blockchain-based shared ledger has entered the MVP stage and is scheduled to go live with real transactions in 2026

SWIFT (Society for Worldwide Interbank Financial Telecommunication) announced that its blockchain-based shared ledger project has made significant progress, having completed the design phase with multiple banks globally. It has now officially entered the construction phase of the first minimum viable product (MVP) iteration and plans to launch real transactions within 2026.

The ledger aims to achieve interoperability of tokenized deposits between banks and supports 24/7 cross-border payments. On the functional level, the ledger supports executing payments using tokenized deposits, reuses existing compliance processes, and is compatible with various settlement methods. SWIFT stated that the core advantages of this ledger include: accelerating payment execution speed, enhancing liquidity visibility, reducing reconciliation workload, and achieving interoperability across institutions. Currently, SWIFT is simultaneously collaborating with banks internationally to accelerate the financial industry's transition to digital finance.