SWIFT TO WORK WITH CONSENSYS ON MVP FOR CROSS-BORDER PAYMENTS

Summary from the TLDR Crypto newsletter

Swift announced plans to integrate a blockchain-based shared ledger into its infrastructure, starting with 24/7 cross-border payments. The system will be designed around a prototype developed with Consensys and aims to enable secure, real-time settlement of tokenized value via smart contracts while ensuring interoperability with existing systems. Over 30 global banks, including Santander, Bank of America, BNP Paribas, and HSBC, will participate in shaping and implementing the ledger, with Swift positioning it as a core part of the financial industry's digital transformation.