Swift has announced the readiness of its blockchain-based ledger, with 17 banks from six continents set to pilot 24/7 cross-border payments using tokenized deposits. This new ledger serves as a secure orchestration layer, allowing banks to issue tokenized deposits on their own ledgers, facilitating continuous fund movement before final settlement through existing systems. Participating banks include major institutions such as ANZ, BNP Paribas, BNY Mellon, Citibank, and HSBC.