Swift has announced the integration of a blockchain-based shared ledger into its core infrastructure, aiming to enable real-time, 24/7 cross-border payments. Revealed at Sibos 2025 in Frankfurt, the initiative involves over 30 financial institutions from 16 countries and begins with a prototype developed with Consensys. The ledger will work alongside existing payment systems, embedding compliance and transaction rules directly into payment flows through smart contracts. This move addresses the complexity and cost of cross-border payments, often hindered by time zones and fragmented infrastructure. By introducing a shared digital ledger, Swift aims to enhance transparency, speed up settlements, and reduce operational friction while maintaining regulatory compliance. The project signifies a strategic shift towards integrating traditional finance with distributed ledger technology, positioning Swift as a neutral orchestrator in the evolving financial landscape.