Fintech
Swift, a global banking cooperative, is taking a new step into the world of blockchain and testing the way its network interacts directly with distributed ledgers.
Industry reports show that organizations have begun experimenting with Onchain messaging and are investigating the design of payment tokens for interbank use.
For decades, Swift served as a communications layer for banks, sending instructions, but separating actual money movements into systems. Its latest pilot will rethink its role and explore how blockchain can integrate messaging and payments into a single framework. This shift could be consistent with increased demand for tokenized finance, reducing trading times, reducing dependence on intermediaries.
Why Linea was chosen
At the heart of the exam is Linea, a Layer 2 blockchain built on Ethereum. Unlike the Ethereum main chain, it can be slow and expensive when using large quantities, but Linea uses ZK-Rollup technology to compress transactions and resolve them more efficiently. This makes it attractive for large banking operations where scalability and low cost are important.
Linea also operates its own ecosystem token, supporting the rewards of stakers who bring Ethereum liquidity into the network. With Swift, working with a platform like Linea gives you a balance. Take advantage of a faster, more streamlined environment while providing compatibility with Ethereum’s vast infrastructure.
Extends beyond payment
What makes this initiative more than just another blockchain experiment is focusing on enriched messaging. Traditional blockchain transfers are usually limited to moving tokens from one address to another. Swift is testing whether additional instructions (compliance data, payment terms, and even regulatory checks) can be embedded directly into on-chain activity.
If successful, this allows the bank to carry not only value, but also the contextual information needed to complete and audit the transaction. This is the vision of blockchain as a comprehensive financial language, not just payment railways.
Construction towards interbank tokens
Alongside Onchain messaging, Swift explores the concept of dedicated interbank payment tokens. It acts as a digital bridge asset, allowing institutions to clear transactions directly through the distributed ledger without waiting for external settlements.
Such tokens do not replace Fiat, but act as a reliable digital representation of quick final payments between banks. Analysts suggest that if deployed widely, cross-border payment friction can be reduced.
Looking ahead
Swift’s decision to test these features in Linea highlights an increased convergence between legacy finance and Ethereum-based innovation. The pilot is still in its early stages, but reflects the perception that future banking systems may require seamless interaction with blockchain infrastructure.
For the crypto industry, the key point is clear. The very backbone of global banking is not ignoring distributed ledgers, but is actively working to adapt them to that framework. That could mean a future in which trillions of daily transfers are partially executed with Ethereum compatible rails supported by dedicated payment tokens and rich on-chain messaging standards.
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