๐ SWIFT Meets Blockchain at Sibos 2025
At Sibos 2025 in Frankfurt, SWIFT โ the backbone of global finance โ announced it is building a blockchain-powered shared ledger.
๐ก Goal: Cross-border payments that are:
โ Instant
โ 24/7
โ Interoperable across old banking rails & new digital systems
๐ฆ Built with: ConsenSys + 30+ major financial institutions
๐ How it works:
Smart contracts for compliance, validation & transparency
Currently in conceptual prototype stage (not live yet)
๐ This is a big signal that traditional finance is opening the door to blockchain innovation โ an important step toward the future of global payments.
๐ Note: This information is based on SWIFTโs official Sibos 2025 announcement. The project is at prototype stage, not yet in production.