Swift pilots 24/7 token transfer for weekend bank payments

The pilot involves 17 global banks, enabling tokenized deposit transfers on weekends even though final settlement still depends on legacy rails.

Reported · Written up by our desk · Market Structure

Swift is preparing a pilot that allows 17 global banks to transfer tokenized deposits 24/7, including on weekends, Decrypt reports.

The outlet notes that true settlement for these transfers still relies on legacy systems, limiting the shift to always-on execution.

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