SWIFT will be starting live trials for blockchain transactions on November 2025

SWIFT, the global financial messaging network, has announced that from November 2025 onward, SWIFT will be starting live trials for using digital assets and cryptocurrency transactions.

These trials will allow financial institutions to use digital wallets for payments and transactions with tokenized cash accounts.

Institutions pay gas fees similar to those of blockchain networks. Token-based transaction on blockchains will also improve trust and transparency.

Gilmore Estates on X: "🚨 BREAKING: SWIFT Confirms DLT Integration Begins Nov 2025 — $XRP & $HBAR in Focus SWIFT, which processes $150T+ annually, will launch DLT-based settlement trials this November alongside its ISO 20022 transition. Key highlights: DLT wallets for settlement 

This initiative aims to bridge the gap between traditional banking systems and emerging blockchain-based financial technologies.

Financial institutions across North America, Europe, and Asia will engage in these trials, leveraging SWIFT's existing infrastructure to process transactions involving digital assets, including tokenized currencies, stablecoins, and central bank digital currencies (CBDCs).

The trials will demonstrate how financial institutions can transact interchangeably across both existing and emerging asset and currency types using their current SWIFT connections.

Coinciding with the end of the MT/ISO 20022 coexistence period on November 22, 2025, SWIFT's move to the ISO 20022 standard will provide richer, more structured data, facilitating improved compliance and operational efficiency. Swift+1Swift+1

Integration with Distributed Ledger Technology (DLT), the initiative includes the use of DLT wallets for settlement, tokenized cash accounts, and network fees analogous to blockchain "gas" fees, aiming to enhance transparency and efficiency in cross-border transactions.

SWIFT's integration of digital assets is a significant step toward unifying the fragmented landscape of digital finance. By enabling seamless transactions between traditional and digital currencies, SWIFT aims to provide a single point of access for financial institutions to multiple digital asset classes and currencies.

This development is also expected to benefit cryptocurrencies like XRP and HBAR, known for their scalability and speed, by potentially facilitating their adoption in institutional cross-border payments.

SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication, is a global member-owned cooperative that provides a secure and standardized messaging network used by banks and financial institutions worldwide to send and receive information about financial transactions, primarily money transfer instructions.