Taurus integrates digital asset platforms with Swift's blockchain ledger

Initial client integrations are anticipated to be operational within days, with the first distributed ledger technology (DLT) transactions facilitated through Taurus's platforms expected within weeks. Swift had previously announced in July that its ledger was ready for initial use, with 17 banks across six continents preparing to pilot live transactions.

Standard Chartered and HSBC have already executed the ledger's first live cross-border transaction, linking their separate tokenized deposit systems. Swift's ledger functions as an orchestration layer designed for round-the-clock cross-border payments, leveraging tokenized deposits held on participating banks' balance sheets. It coordinates transfers between institutions prior to final settlement through existing arrangements, including real-time gross settlement systems.