Woofun AI reports that Swift has declared its blockchain ledger ready for initial deployment, enabling 17 banks across six continents to pilot tokenized deposits for 24/7 cross-border payments. Participating institutions include ANZ, BNP Paribas, JPMorgan Chase, Citibank, DBS Bank, HSBC, Standard Chartered, UBS, and Wells Fargo.

Swift stated the ledger was developed from concept to reality in 9 months, providing a secure orchestration layer for real-time or off-peak fund transfers prior to settlement via existing systems. This mechanism aims to improve liquidity efficiency and customer experience while adhering to current compliance and risk standards, with future expansions planned for programmable currencies and agent services.