SWIFT has announced the integration of a blockchain-based shared ledger into its system, utilizing Linea, an Ethereum Layer 2 network. This development, revealed at Sibos 2025 in Frankfurt, aims to facilitate real-time, secure, and interoperable transactions. The pilot project will involve over 30 major banks, including JPMorgan and Citibank.
The integration leverages zk-EVM technology to reduce costs and latency, addressing the demand for 24/7 settlement capabilities. This initiative highlights the potential of blockchain technology to transform global finance, particularly in the realm of cross-border payments.
SWIFT Integrates Linea Blockchain for Real-Time Payments
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