mvp

Attention to the latest SWIFT movement.

Your plans to build a shared ledger
have reached a new important milestone based on #blockchain .

📚 After completing the design phase with a global group of banks, they are shaping the first iteration of the minimum viable product (#MVP ) of the ledger, which will allow interoperability between the tokenized deposits of banks, and facilitate cross-border payments 24 hours a day, 7 days a week.

🗓️ The MVP is expected to go live with real transactions this year, while working in parallel with international banks to help accelerate the sector's transition to digital finance.

🔗 The ledger will enable payments to be executed using tokenized deposits, leveraging existing compliance processes and supporting multiple settlement options.

🔑 The outcome?

- Faster payment execution.

- Greater visibility of liquidity.

- Reduction of reconciliation efforts.

- Interoperability between institutions.

#CrossBorderPayments

#Ledger

#DLT

🌐https://www.swift.com/news-events/news/swifts-blockchain-based-shared-ledger-progresses-mvp-implementation