The global financial plumbing is getting a long-awaited blockchain upgrade.
Built on an Ethereum Virtual Machine (EVM)-compatible architecture using Hyperledger Besu, the ledger allows the 11,500+ institutions in Swift's network to settle transactions using tokenized deposits.
The focus now shifts to real-world testing with live transactions, marking a definitive pivot from "experimental blockchain" to "essential financial infrastructure." It’s a bit like watching a giant ocean liner finally deploy its high-speed hydrofoils — it took a while to get here, but the momentum is now undeniable.
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