[Swift Partners with Over 30 Banks to Introduce Blockchain Ledger for Building Global Interoperable Digital Financial Infrastructure]
Swift is collaborating with over 30 banks worldwide to advance the design of a blockchain-based ledger system, aiming to expand existing financial infrastructure and support the large-scale circulation of tokenized assets. This ledger will use smart contracts to record and verify transaction sequences, enabling parallel operation with existing systems, addressing the fragmentation of digital finance, and improving the efficiency of global cross-border payments and asset transfers.