SWIFT expands its reach with distributed ledger accounting to revolutionize digital assets

PuzzledScholar · 2026-01-12T09:09:06+00:00

SWIFT collaborates with over 30 global banks to develop blockchain-based accounting solutions, aiming to enhance traditional financial infrastructure and facilitate the large-scale circulation of tokenized assets while bridging traditional finance with the digital economy.

PuzzledScholar

2026-01-12 09:09:06

Abstract generation in progress

The traditional financial infrastructure faces a new challenge: tokenized assets require more efficient record-keeping systems. In response, SWIFT has taken a strategic step by revealing its collaboration with over 30 international banking institutions to develop blockchain-based accounting solutions.

The global alliance for financial modernization

The project represents a coordinated effort to expand the foundations of the existing financial system. Participating banks are working together to design accounting frameworks that adapt to the decentralized nature of digital assets, allowing SWIFT to maintain its relevance in an increasingly tokenized ecosystem.

Objective: massive scale of digital assets

The main goal of this initiative is to enable the high-volume circulation of tokenized assets within recognized infrastructures. By integrating blockchain technology into their accounting systems, SWIFT aims not only to expand its operational capacity but also to build bridges between traditional finance and the digital economy.

This collaboration indicates that the adoption of blockchain in the financial sector does not mean replacing the existing infrastructure but strategically expanding it to accommodate the next generation of financial assets.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.