Swift Chooses Linea for Messaging Transition; BlackRock Boosts Bitcoin Holdings

Swift begins a multi-month migration to Linea’s system, while BlackRock increases Bitcoin exposure by 38% within its $17.1 billion Global Allocation Fund.

BTC

Summary

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Terms & Concepts
  • Swift: A global interbank financial messaging network used to securely transmit information and payment instructions.
  • Linea: A blockchain-based platform selected by Swift for upgrading its interbank messaging systems.
  • Global Allocation Fund: An investment fund managed by BlackRock, diversified across multiple asset classes, recently increasing Bitcoin holdings.