Swift rolls out new blockchain ledger to bring 24/7 banking to 17 global giants

60-second summary

Swift is rolling out a new blockchain ledger, enabling 24/7 banking for 17 global giants, including HSBC, UBS, Wells Fargo, and Citi, which are piloting live transactions using tokenized digital assets on the platform. The move aims to increase efficiency and reduce settlement times, potentially revolutionizing cross-border payments and transforming the banking industry's infrastructure.