Swift’s blockchain-based shared ledger is set to go live through Taurus, a Swiss digital asset infrastructure provider.
In a statement today (26 August), Lamine Brahimi, co-founder and managing partner at Taurus, said the integration would allow banks to expand digital asset capabilities while maintaining their existing operational infrastructure.
“By enabling seamless connectivity to Swift’s blockchain-based shared ledger, Taurus is helping banks extend their digital asset capabilities to tokenised deposits and cross-border payments while retaining control of their own infrastructure,” he said.
The Switzerland-based digital asset infrastructure provider has completed connectivity with Swift’s distributed ledger technology infrastructure and integrated Swift smart contracts into its Taurus-CAPITAL tokenisation platform and Taurus-Protect custody solution. The first live clients are expected to go live in the coming days, with initial transactions anticipated within weeks.
According to Taurus, existing clients will be able to establish connectivity in a matter of days, extending their current custody, issuance and digital asset management capabilities to include bank-issued tokenised money and 24/7 payment use cases.
The offering is also aimed at members of the Swift network seeking enterprise-grade tokenisation and custody capabilities as they prepare for increased adoption of digital assets.
Swift announced the development of its blockchain-based shared ledger at Sibos 2025, working alongside more than 40 financial institutions globally. The initiative progressed from concept to activation within nine months, with 17 financial institutions now participating in tokenised deposit pilots.
The project reflects growing industry interest in tokenised deposits as financial institutions explore ways to modernise payments infrastructure while preserving the role of commercial bank money. Under Swift’s model, tokenised deposits remain on participating banks’ balance sheets, while the shared ledger coordinates transactions between institutions prior to final settlement.
Swift connects more than 11,500 financial institutions and corporates across more than 200 markets, positioning the initiative as a potentially significant step towards the wider adoption of tokenised financial services.
