It is rapid for developing a blockchain payment solution with consensys

SWIFT is developing a blockchain -based ledger that enables real -time 24/7 border payment by building an initial prototype by Ether Leeum Eco System Developer.

The solution said in a press release that the association for financial communications or Swift between the world’s banks is part of the efforts to enable the border between the borders with “unprecedented scale” in the press release.

“We are opening a way to raise your payment experience to the next level with the proven and reliable platform of SWIFT, which is at the center of digital innovation in the industry.” Javier Pérez-Tasso CEO.

The system will have.He said that it is a parallel track of innovation to upgrade the existing ‘Fiat’ rail and prepare for an industry for digital finance. ”

The company expects that the director of safe and real -time trading logs between financial institutions will record transactions, verify, verify, and enforce rules in order.

Consensys and Major Banks cooperate with Swift

Consensys is in charge of developing the conceptual prototype of blockchain driving settlers. The company is famous for developing popular Web3 wallet meta masks and other products in Etherum ecosystems.

Along with consensys, financial institutions in 16 countries also offer swifts ( Financial Communications Association between Banks around the world) According to the press release, feedback on system design.

This includes Bank of America, BNY, Deutsche Bank, JP Morgan Chase, Standard Chartered and Wells Fargo.

SWIFT Solution Design Bank Group (Source: Business wire))

SWIFT is trying to expand the reach of the blockchain space by monopolizing Tradfi.

Swift does not actually move money, but it acts as a messaging class between banks around the world. This is to reduce the risk of errors and fraud.

Since more than 11,500 institutions from more than 200 countries are connected to banks between banks, excluding the SWIFT system can effectively reduce the country or bank in the global financial system.

no way report The New York Federal Reserve emphasized the authority of SWIF and said, “Sanctions that restrict access to this network have been expensive for sanctions.”

Through the blockchain solution, SWIFT is now trying to expand its influence on the ecosystem of the distributed ledger.

SWIFT was published in Sibos 2025 as a breakthrough moment for Global Financial System and Blockchain Industry. The new blockchain -based director https://t.co/lhuhsjoxje

We celebrate the adoption of the blockchain with the partner Swift and the extensive Swift community. pic.twitter.com/GSQGSYRWGK

-Chain link (@chainlink) September 29, 2025

The latest announcement of the blockchain drive solution follows the report that Swift began to test the chain payment and messaging that Swift used last week to use Ethereum’s Layer-2 Network Linea.

The report also considers Swift’s launch of its own Stablecoin, but has not specified a network for the product.

SWIFT also did not mention the blockchain where a new settlement layer will be built. But the participation of consensys suggests that it can be Ether Lee.

Ether Leeum is a major blockchain network in terms of total value lock (TVL) in the current market. According to DEFILLAMA’s data, $ 87.47 billion is locked in the Ethereum blockchain, which is about 68.02%of value over other networks of the market.

TvL (Source: Source: Displacement))

Ether Lee also owns 53.55%of the Stablecoin market. capitalization $ 294.856 billion.

It is not the first blockchain movement of Swift

Swift’s blockchain collaboration with consensys is not the first movement of the company to the distributed ledger technology.

In March last year, the company recognized the value of token shoes and block chain models. But SWIFT argued that the sharing director is not suitable for delivering and storing high amounts of data because of the method of syncing the data on the node. Therefore, I think it can provide a messaging layer to the blockchain -based financial system.

In November of the same year, SWIFT provided a global financial messaging network to integrate tokenized fund processes with existing FIAT payment systems. This initiative was performed with the help of UBS Asset Management and Blockchain Oracle Network Chainlink.

In the late 2024, SWIFT also announced that banks in North America, Europe and Asia will begin digital asset tests on the network.

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