SWIFT partners with BNY Mellon on blockchain ledger for cross-border payments

SWIFT, the global financial messaging network, has partnered with BNY Mellon to design a blockchain-based ledger for cross-border payments and tokenized assets. The collaboration aims to enhance efficiency in international transactions by leveraging distributed ledger technology. The partnership signals growing institutional interest in blockchain infrastructure for financial infrastructure, though details on implementation timeline and specific blockchain platform remain to be determined.

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