Swift is to add a blockchain-based shared ledger to its infrastructure having successfully completed digital asset interoperability trials in collaboration with BNP Paribas Securities Services, Intesa Sanpaolo and Societe Generale–Forge, Finextra reports.

The trial enabled the exchange and settlement of tokenised bonds, while supporting payments in both fiat and digital currencies. 

This work is part of a broader series of digital asset and currency use cases trialled by Swift, which is now focussing on adding a blockchain-based ledger to its technology infrastructure. The ledger will initially focus on enabling real-time, 24/7 cross-border payments, designed in collaboration with over 30 banks worldwide.

"By proving that Swift can orchestrate multi-platform tokenised asset transactions, we’re paving the way for our members to adopt digital assets with confidence, and at scale. It’s about creating a bridge between traditional finance and emerging technologies”, said Thomas Dugauquier, tokenised assets product lead at Swift.

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