22 new banks join SWIFT's blockchain project

posted 3 months ago
An additional 22 banks have joined Swift’s blockchain proof of concept (PoC).

The project is designed to determine if blockchain technology can help banks reconcile their international nostro accounts in real time and is part of Swift’s global payments innovation (gpi).

The new banks are: ABN Amro, ABSA, BBVA, China Construction Bank, China Minsheng Banking, Commerzbank, Deutsche Bank, Erste Group, FirstRand Bank, Intesa Sanpaolo, JP Morgan, Lloyds Bank, Mashreq, Nedbank, Rabobank, Santander, Société Générale, Standard Bank, Standard Chartered, SMBC, UniCredit and Westpac. They join the six founding banks, who are ANZ, BNP Paribas, BNY Mellon, DBS, RBC and Wells Fargo.
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