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Swift Advances Blockchain Shared Ledger Project to First MVP Stage

Swift Advances Blockchain Shared Ledger Project to First MVP Stage

According to Swift, the Shared Ledger project has entered MVP implementation on Hyperledger Besu with more than 30 major banks participating, while real transaction launch is now targeted for 2026.

Summary

Swift said its Shared Ledger project has moved from design into minimum viable product implementation using Hyperledger Besu, with more than 30 major global banks participating. The initiative is designed to connect tokenized assets with existing financial infrastructure and support 24/7 cross-border settlement. The new update revises the timeline for live deployment, with real transaction launch now targeted by 2026 rather than this year.

Terms & Concepts
  • Hyperledger Besu: An open-source Ethereum-compatible blockchain client used by enterprises to build and run permissioned or public blockchain applications.
  • tokenized assets: Assets represented digitally on blockchain infrastructure so they can be transferred, tracked, or settled electronically.
  • MVP: Minimum viable product, an early functional version of a system built to test core features before broader deployment.