Ethereum Secures Landmark SWIFT Partnership for Blockchain Integration
Ethereum Secures Landmark SWIFT Partnership for Blockchain Integration
Ethereum co-founder Joseph Lubin confirmed that ConsenSys is building the prototype for SWIFT’s new blockchain-based shared ledger. This initiative will integrate a permissioned, always-on ledger into SWIFT's global messaging infrastructure, marking a significant milestone for Ethereum's enterprise adoption.
Ethereum's Strategic Alliance with SWIFT Confirmed
Joseph Lubin, the co-founder of Ethereum and CEO of ConsenSys, recently appeared on Bloomberg Crypto to announce a pivotal development: ConsenSys is actively developing the prototype for SWIFT’s upcoming blockchain-based shared ledger. This strategic partnership was initially revealed during SWIFT's announcement at Sibos in Frankfurt last week.
The new initiative is set to embed a permissioned, continuously operational ledger directly into the global messaging cooperative’s infrastructure. This move signifies a major step forward for Ethereum technology in mainstream financial services, potentially facilitating widespread institutional adoption and integration within the global payments ecosystem.