TechFlow News, July 9, according to CoinDesk, Swift announced its blockchain-based shared ledger platform is ready and will launch real-time transaction tests with 17 major banks, including HSBC, UBS, BNP Paribas, Citi, BNY Mellon (BNY), and Wells Fargo, among others, covering six continents.
The platform aims to enable 24/7 cross-border payments through tokenized deposits, allowing banks to transfer funds for clients during nights and weekends, and provide liquidity support before final settlement is completed in existing payment systems. Swift explicitly stated that the ledger system is positioned as a complement to existing payment rails, not a replacement.



