{"id":11895,"date":"2025-09-26T18:36:26","date_gmt":"2025-09-26T18:36:26","guid":{"rendered":"https:\/\/bitunikey.com\/news\/global-banks-join-swift-in-blockchain-test-run-on-consensys-linea\/"},"modified":"2025-09-26T18:36:29","modified_gmt":"2025-09-26T18:36:29","slug":"global-banks-join-swift-in-blockchain-test-run-on-consensys-linea","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/global-banks-join-swift-in-blockchain-test-run-on-consensys-linea\/","title":{"rendered":"Global banks join SWIFT in blockchain test run on Consensys\u2019 Linea"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">SWIFT has reportedly mobilized a consortium including BNY Mellon and BNP Paribas for a pivotal experiment that includes migrating its core messaging system onto ConsenSys\u2019 Ethereum layer-2, Linea.<\/p>\n<div id=\"cn-block-summary-block_d83ddc169ece5c05e1d1731f1af876fd\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>SWIFT and banks including BNY Mellon and BNP Paribas are reportedly testing blockchain messaging on Consensys\u2019 Ethereum layer 2, Linea.<\/li>\n<li>The project follows SWIFT\u2019s 2023 tokenization trials and supports digital asset tests planned for 2025.<\/li>\n<li>A successful rollout could bring faster settlement, lower costs, and stronger cross-border payment infrastructure.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to a Sept. 26 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/gregory_raymond\/status\/1971589196486705176\">report <\/a>from The Big Whale, the global financial messaging cooperative has initiated a development project with more than a dozen major institutions to experiment with putting its foundational messaging framework on-chain.<\/p>\n<p>A source within a participating bank indicated the project is a multi-month endeavor, characterizing it as a precursor to a significant technological transformation for the interbank payments industry.<\/p>\n<p>The selection of ConsenSys\u2019 Linea was reportedly driven by its emphasis on privacy through advanced cryptographic proofs, a feature deemed critical for meeting stringent bank compliance standards.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udfe5 Exclusive <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheBigWhale_?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@TheBigWhale_<\/a><\/p>\n<p>SWIFT chooses Linea for blockchain testing<\/p>\n<p>According to information gathered with <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/BukovskiBuko3?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@BukovskiBuko3<\/a>, SWIFT and several major global banks (including BNP Paribas and BNY) have chosen <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/LineaBuild?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@LineaBuild<\/a>, the Ethereum layer 2 developed by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Consensys?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@Consensys<\/a>, to experiment\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/EaWLg1IfKp\">pic.twitter.com\/EaWLg1IfKp<\/a><\/p>\n<p>\u2014 Gr\u00e9gory Raymond \ud83d\udc33 (@gregory_raymond) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/gregory_raymond\/status\/1971589196486705176?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 26, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>SWIFT\u2019s blockchain path was years in the making<\/strong><\/h2>\n<p>Last year, SWIFT announced that live trials for digital asset and currency transactions across its network were slated for 2025. The current project with Linea appears to be the foundational technical work necessary to make those live trials feasible, moving the cooperative beyond theoretical research and into practical implementation.<\/p>\n<p>Before this announcement, SWIFT published <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.swift.com\/news-events\/press-releases\/swift-unlocks-potential-tokenisation-successful-blockchain-experiments\" target=\"_blank\" rel=\"nofollow\">results<\/a> from a series of trials that tested the movement of tokenized assets across both public and private blockchains. SWIFT\u2019s research demonstrated that its existing secure messaging infrastructure could potentially function as a universal \u201cinteroperability layer,\u201d connecting different distributed ledger technologies without requiring banks to undertake massive and costly systems integrations with each new platform.<\/p>\n<p>The Linea project takes this concept a step further, exploring what happens when SWIFT\u2019s own messaging core is migrated on-chain, potentially creating a more native and efficient settlement layer.<\/p>\n<p>For banks, the implications are significant. SWIFT\u2019s system links more than 11,000 institutions, yet it has long been criticized as cumbersome and overly dependent on intermediaries. A successful blockchain integration could mean faster settlement times, reduced costs, and a more resilient architecture for cross-border payments.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SWIFT has reportedly mobilized a consortium including BNY Mellon and BNP Paribas for a pivotal experiment that includes migrating its core messaging system onto ConsenSys\u2019 Ethereum layer-2, Linea. Summary SWIFT&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11895"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11895\/revisions"}],"predecessor-version":[{"id":11896,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11895\/revisions\/11896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/10923"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}