Global financial messaging giant SWIFT has entered into a strategic partnership with BNY Mellon to design a blockchain-based ledger focused on improving cross-border payments and supporting tokenized assets. The move signals a deeper commitment from established financial institutions to modernize the infrastructure underpinning global transactions.
The initiative centers on building a distributed ledger system that can better coordinate international payments while also facilitating the management and settlement of tokenized financial instruments.
By integrating blockchain architecture with traditional banking rails, the two institutions aim to reduce inefficiencies that have long characterized cross-border transfers, including delays, fragmented reconciliation processes, and limited transparency.
The collaboration is designed to complement existing SWIFT infrastructure rather than replace it outright. Instead of bypassing traditional banking systems, the ledger would function as an interoperable layer capable of supporting both fiat transactions and tokenized instruments.
SWIFT connects more than 11,000 financial institutions worldwide and processes millions of secure payment messages daily. However, as digital assets and tokenized securities gain traction, legacy systems face increasing pressure to adapt.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
