BBVA has joined a consortium of over 30 banks in a SWIFT-led blockchain initiative aimed at transforming real-time global payments. The initiative will utilize a shared digital ledger to enable real-time settlement of international transactions through smart contracts. BBVA highlighted the system's potential to streamline cross-border payments, support stablecoins, and manage tokenized financial assets. SWIFT is working with Consensys to develop and test these use cases, aiming to expand its role beyond messaging to include tokenized value movement while ensuring compliance and interoperability.