According to @MilkRoadDaily, Swift is launching a new blockchain-based ledger featuring 24-7 cross-border payments, partnerships with more than 30 global banks, and infrastructure built on Consensys’s Linea Layer 2. According to @MilkRoadDaily, the announcement highlights institutional participation and always-on settlement as the core specifications most relevant for trading and liquidity timing. According to @MilkRoadDaily, no token ticker, pricing details, bank list, or go-live timeline were provided in the announcement.

According to @ReutersBiz, SWIFT and top global banks are working on a blockchain-based overhaul. Source: Reuters Business. No additional details were provided in the post about scope, timelines, or participating institutions. Source: Reuters Business.