SWIFT has announced plans to develop a distributed ledger technology (DLT) to facilitate 24/7 cross-border payments, as revealed at Sibos 2025. The initiative will involve over 30 banks, including HSBC, BBVA, and Citi, many of which are already connected to Ripple's blockchain. SWIFT aims to leverage DLT to enhance the efficiency and security of international transactions, viewing it as a natural extension of its existing ecosystem. The participating banks are expected to play a significant role in the system's development.