Swift has initiated a blockchain pilot project in collaboration with Linea to explore tokenised interbank settlements, focusing on privacy and compliance. The trial involves over 30 global banks and aims to integrate programmable settlement capabilities with Swift's existing messaging systems. Linea was chosen for its strong privacy and throughput features, though Swift may consider other Layer 2 networks in the future. The pilot is experimental, with its success hinging on institutional adoption, regulatory alignment, and performance metrics.