Swift Launches Blockchain Payment Platform With 17 Major Banks in Pilot

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Swift has unveiled a new blockchain-based payments platform aimed at enabling round-the-clock banking transactions. Seventeen major global banks, including HSBC, UBS, Wells Fargo, and Citi, are participating in the initiative. The banks are preparing to pilot live transactions using tokenized digital assets on the platform. The move marks a significant step toward modernizing interbank settlements through distributed ledger technology.

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