SWIFT Just Put 17 Banks on a Shared Blockchain Ledger. Here's Why Citi and HSBC Signed On.

The Old Men·July 12, 2026

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SWIFT Flipped the Switch

SWIFT announced July 9 that its blockchain-based shared ledger has entered initial operational status. Seventeen global banks are now preparing to use it to transfer tokenized deposits around the clock, including weekends. The pilot roster includes Citi, HSBC, BNP Paribas, MUFG, UBS, Standard Chartered, Wells Fargo, BNY, and DBS,…

From the Author

Old Men, New Money co-host Douglas Borthwick has written on this in depth.

Tokenized Tomorrow

Unleashing the Blockchain Revolution in Global Finance

The operator's guide to tokenizing real assets: the mechanics, the plumbing, and the compliance wrappers that make it real. From the leader behind the first SEC-registered security token IPO.

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