SWIFT is exploring stablecoins and on-chain messaging.
The pilot uses Linea, a zkEVM network from Consensys.
The goal is to improve the efficiency of cross-border transactions.
The global financial messaging giant SWIFT is entering the blockchain arena with a new pilot program focused on stablecoins and on-chain messaging. This strategic move aims to explore how decentralized networks can enhance traditional financial systems, particularly in the realm of cross-border payments.
To drive this initiative, SWIFT is leveraging Linea, a layer 2 blockchain developed by Consensys. Linea is a zero-knowledge Ethereum Virtual Machine (zkEVM) network designed for scalable and low-cost transactions. The goal? To seamlessly integrate blockchain technology with SWIFT's existing infrastructure to test interoperability, settlement, and messaging mechanisms on the blockchain.
Why Stablecoins and Linea?
Stablecoins have rapidly emerged as a key player in the digital finance ecosystem, offering the speed of cryptocurrencies with the stability of fiat currencies. SWIFT's pilot aims to harness this power to enable faster, more transparent, and programmable payments, far beyond what is possible with traditional pathways. #Linea
Using Linea's zkEVM architecture, SWIFT can test on-chain messaging that mimics its existing service but on a decentralized layer. This could mean institutions can exchange both assets and messages on the blockchain, with the added benefit of low fees and high speed.#Ethereum
This essay comes at a time when banks and financial institutions worldwide are exploring tokenized assets and the role of stablecoins in conventional finance. SWIFT's involvement lends significant weight to the growing synergy between traditional finance and decentralized technologies.
BREAKING: SWIFT is working on stablecoin and 'on-chain messaging' using Linea. pic.twitter.com/OrPOOxoGjs
— Whale Insider (@WhaleInsider) September 26, 2025
The bigger picture for cryptocurrency integration
The SWIFT stablecoin project is not just about testing technology; it is a signal that the financial messaging giant sees value in the tokenization of money and blockchain-based communication. This could be a significant breakthrough for the mass adoption of Web3 tools in traditional finance.#Binance
If successful, this pilot could lay the groundwork for financial institutions to conduct real-time transactions using stablecoins while relying on on-chain messaging to handle compliance, KYC, and transaction details, all without leaving the blockchain ecosystem.$LINEA
