SWIFT Launches Blockchain Pilot Based on Linea
Date: 2025-09-29 Author: Oliver Abernathy Categories: BLOCKCHAIN, BUSINESS
SWIFT has selected the Linea L2 solution, developed by ConsenSys, to test the migration of its messaging network to a decentralized infrastructure. According to sources told The Big Whale, this decision was preceded by lengthy negotiations aimed at ensuring the new technology could replace the traditional centralized system.
Over ten financial institutions, including BNP Paribas and BNY Mellon, have joined the pilot. The banks plan not only to test the new communications model but also to explore the possibility of using stablecoins in international settlements.
According to one of the project's participants, the project will take months to fully unveil, but it could lead to significant technological changes in the global interbank payments system.
Sources also noted that SWIFT is developing its own "interbank token," which could become part of the future ecosystem.
The consortium explains its interest in blockchain by the technology's advantages: high transaction speeds, greater process transparency, and the ability to programmatically manage payments. Journalists attribute the choice of Linea to its emphasis on transaction confidentiality, a critical factor for international financial institutions.
"Today, this is a research pilot, but even at this stage, it unites a circle of leading global banks that view it as preparation for a possible transformation of the global financial infrastructure," the publication's sources emphasized.
As a reminder, back in 2024, SWIFT announced the first tests of digital asset transactions, marking the starting point for the company's further advancement toward integrating blockchain solutions.
Thus, the new Linea-based project can be seen as SWIFT's next step toward modernizing interbank systems, where blockchain is gradually becoming a key tool for accelerating, simplifying, and increasing the reliability of international settlements.
