Swift Readies Ledger for 24/7 Token Transfers—Though True Settlement Is Stuck on Old Rails

60-second summary

Swift is readying its ledger for 24/7 token transfers, enabling 17 global banks to transfer tokenized deposits on weekends through a pilot program. However, true settlement still relies on legacy systems, indicating a disconnect between the new and old infrastructure. This highlights the industry's ongoing struggle to fully adopt blockchain technology for seamless transactions.