TechFlow news, December 19 — SWIFT (Society for Worldwide Interbank Financial Telecommunication) announced on social media that it is collaborating with over 30 banks globally to advance the design of a blockchain-based ledger system, aiming to expand existing financial infrastructure and support large-scale circulation of tokenized assets.
Swift stated that the ledger will use smart contracts to record and verify transaction sequences, enabling parallel operation with current systems, addressing fragmentation in digital finance, and enhancing the efficiency of global cross-border payments and asset transfers.
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