Swift system

Companies, In the World 10th July 2026

SWIFT launches its blockchain for payments with 17 banks

SWIFT – which connects 15,000 financial institutions worldwide – has announced that its blockchain DLT is going live with 17 partner institutions (ANZ; BNP Paribas; BNY; Citi; DBS; First Abu Dhabi Bank (FAB); FirstRand Bank Limited; HSBC; Itaú Unibanco; Lloyds Bank; Mashreq; MUFG Bank; OCBC; Standard Chartered; UBS; UOB and Wells Fargo). These institutions will be able to process cross-border payments using tokenised deposits and carry out transfers in real…

World economy 1st March 2022

The Swift “Weapon Of Economic Mass Destruction”: Could Be Disconnecting Russia Devastating Or Not?

Last week there was already talk about the possibility of excluding some Russian banks from the SWIFT system, so the decision announced by Ursula Von der Leyen in the early hours of Sunday morning was not entirely unexpected. It is considered a “weapon of (economic) mass destruction”. The decision to exclude banks from the SWIFT system has never before been applied to a banking system as interconnected as the Russian…