Swift Readies Ledger for 24/7 Token Transfers—Though True Settlement Is Stuck on Old Rails

Decrypt Editorial

(04:23 PM UTC)

1 min read

In brief

Swift’s pilot allows 17 global banks to transfer tokenized deposits on weekends, but ultimate settlement still relies on legacy, business-hour systems.
Participating institutions include major Global Systemically Important Banks such as Citi, HSBC, BNY, and Wells Fargo.
Though built with Ethereum-compatible architecture, the blockchain-based ledger remains a largely centralized network.

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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