Swift Partners with Linea for Blockchain Pilot
- Swift collaborates with Linea for a blockchain pilot.
- Global banks include BNP Paribas and BNY Mellon.
- Possible financial industry transformation through blockchain.
Swift partners with Consensys’ Ethereum Layer-2 network, Linea, for a pilot blockchain communication project involving global banks like BNP Paribas, starting September 26, 2025.
This initiative highlights a significant shift towards blockchain in banking, potentially boosting crypto market activity and setting a competitive stage for existing platforms.
Swift has announced a partnership with Consensys’ Linea , a blockchain network, for a multi-month pilot. This initiative aims to transition from traditional interbank messaging to a blockchain-based system involving over a dozen global banks.
The collaboration begins on September 26, 2025, focusing on utilizing Linea’s Layer-2 infrastructure for data privacy. Key participating banks include BNP Paribas and BNY Mellon in this technological endeavor.
This pilot has resulted in a 10.6% price surge in Linea’s token , indicating substantial market interest. The project may revolutionize traditional interbank communication methods, potentially boosting Ethereum’s network usage.
As this pilot unfolds, its success could significantly impact how financial institutions conduct interbank settlements. The integration of stablecoins as part of the testing phases further underlines the system’s potential applicability in real-world scenarios.
Institutions are eyeing potential compliance benefits, driven by Linea’s zk-rollup technology offering cryptographic data privacy. The initiative aligns with the industry’s growing emphasis on enterprise token settlements.
Insights from similar initiatives suggest that successful adoption could motivate other financial entities to explore blockchain solutions. Regulatory updates remain pending, but participating banks are emphasizing audit requirements and privacy standards.
“The project will take several months to see the light of day, but it promises a major technological transformation for the international interbank payments industry.” — Unnamed Bank Source
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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