Building the digital payment stack of the future

Swift’s digital ledger initiative is an important step in advancing real-time, always-on cross-border payment capabilities. By combining Swift’s trusted network with this new infrastructure, we see strong potential to help customers move funds in real-time and manage liquidity more flexibly. Building on our deep experience in digital assets, ANZ is committed to working with Swift and global partners to securely scale next-generation payments infrastructure and deliver more efficient, always-on payments capabilities.

We are proud to be among the first banks to pilot Swift’s blockchain-based ledger - a significant milestone in the evolution of cross-border payments. This achievement reflects BNP Paribas’ ongoing collaboration with Swift to shape the next phases of the ledger’s development. By supporting this initiative, we reaffirm our commitment to industrialising digital finance at scale. Our goal is clear: to deliver measurable value to corporate clients through faster, more transparent, and more secure transactions.

We are pleased to continue collaborating with Swift on the use of shared ledger technology to support greater interoperability in cross-border payments. This work is an important step in understanding how these capabilities may evolve over time in a way that complements existing infrastructure and meets the needs of clients globally.

The launch of Swift’s blockchain-based ledger represents an important step towards enabling always-on payments and liquidity. Collaborating on this initiative reinforces Citi’s commitment to our clients for making cross-border money movement seamless and instant. Leveraging Swift’s innovative blockchain based messaging infrastructure allows us to create interoperable payment solutions, powered by Citi's network, enhances our ability to serve our global clients with greater speed, resilience and security.

Blockchain-based ledgers and tokenised money enable banks to deliver greater speed, transparency and real-time liquidity to better support client needs. Interoperability with existing payment rails and application in real world use cases will be critical for these capabilities to scale. By leveraging Swift’s extensive network with DBS’ track record in tokenised deposits and cross-border payments, we can contribute meaningfully as one of the pioneer banks on Swift’s blockchain-based ledger – underscoring our commitment towards shaping a resilient and future-ready global banking system.

At HSBC, we are leading the charge in scaling tokenised deposits across multiple markets worldwide. We are pleased to be one of the first banks to connect our Tokenised Deposit Service to Swift’s new blockchain-based ledger infrastructure, building on our existing 24/7, compliant tokenised deposits capabilities. This is an important milestone in the evolution of cross border payments and a positive step towards making them work the way our clients’ businesses operate today - in real time, across time zones, and without artificial cut-offs. By using tokenised deposits on a regulated, bank-issued basis and connecting them through Swift’s trusted global network, we can improve liquidity efficiency, strengthen cash-flow visibility, and deliver a more seamless 24/7 experience for corporates.

This marks progress in the development of on-chain ecosystems. As an early participant, we have supported the development of Swift’s blockchain-based ledger, reflecting the value of industry collaboration in advancing digital finance.

Mashreq is committed to shaping the future of financial services through innovation in digital banking. By collaborating with Swift to utilise next generation ledger technologies, we will enable faster settlement and enhance the security of transaction processing for our clients.

MUFG Bank is proud to join Swift and global industry partners in advancing the exploration of next-generation financial market infrastructure. We see strong potential for tokenized deposits and distributed ledger technology to contribute to more efficient and transparent cross-border payments and liquidity management over time. Through our participation in this initiative, we are focusing on piloting and evaluating practical use cases, while carefully considering how these innovations can be integrated into existing financial ecosystems in a safe, scalable, and client-centric manner.

OCBC has been building our blockchain and tokenisation capabilities as part of a broader focus on strengthening our AI, Digital and Data expertise. We look forward to working with Swift and the partner banks to enable real-time, 24/7 cross-border tokenised transactions leveraging the Swift ledger, to better serve the payment needs of our customers.

We are redefining cross-border payments with Swift’s new blockchain-based ledger – combining tokenised deposits with our global network to deliver instant, always-on money movement. This will position our FI and Corporate clients at the forefront of payments innovation – unlocking real-time visibility, enhanced liquidity control, and the speed needed to stay ahead in managing capital globally.

We see interoperability as the key enabler for scaling tokenised deposits beyond individual institutions. Swift’s ledger is an important industry initiative that can help connect digital money networks, supporting real-time settlement, greater liquidity mobility and the broader adoption of tokenised payments and digital assets across the global financial ecosystem.

Swift’s blockchain-based ledger has moved from concept to live infrastructure, marking an important step towards practical adoption of new payment capabilities. For businesses, real-time, 24/7 cross-border payments can improve settlement speed, liquidity efficiency and cash flow visibility. UOB is among the first banks in this industry collaboration, bringing our regional network and transaction banking expertise to support secure, scalable and interoperable solutions that help businesses move value with greater confidence across borders.