Swift Readies Ledger for 24/7 Token Transfers—Though True Settlement Is Stuck on Old Rails
Swift’s pilot allows 17 global banks to transfer tokenized deposits on weekends, but ultimate settlement still relies on legacy systems.
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Swift's shared ledger, built in nine months, will let 17 pilot banks including Citi, HSBC, and UBS move tokenized deposits around the clock while final settlement stays on existing rails.
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