SWIFT
3 articlesSWIFT is the Society for Worldwide Interbank Financial Telecommunication, a network through which financial institutions exchange standardized messages. Its formats and bank identifier codes support cross-border payment instructions, correspondent banking, securities and treasury communication, but the network normally carries information rather than holding or settling the funds itself. SWIFT is not a bank, retail transfer provider or the Swift programming language.
Tokenised Deposits, Stripe's $7bn Deal and US Stablecoin Bank Lead Fintech Week
Major fintech developments this week include the first live tokenised deposit on Swift's blockchain ledger, Stripe's $7bn acquisition of OpenRouter, and US approval for a Trump-backed stablecoin trust bank. Executive changes and a $448m bank merger also feature
HSBC and Standard Chartered Settle First Tokenised Deposit on Swift
HSBC and Standard Chartered have executed the first live tokenised deposit transaction using Swift's blockchain ledger, highlighting a new phase in cross-bank digital money interoperability and settlement infrastructure.
Wells Fargo to Launch Tokenised Deposits for USD-GBP Payments
Wells Fargo is preparing to introduce a blockchain-based service for corporate clients, enabling cross-border and account-to-account payments in US dollars and British pounds using tokenised deposits, with broader expansion planned for 2027