TL;DR
- Integration: Taurus links its platforms to Swift’s shared ledger, enabling banks to transact tokenized deposits through existing systems.
- Live Activity: Taurus’ first client connections and DLT transactions are expected within days and weeks, marking early adoption of Swift’s new payment layer.
- Industry Shift: Swift’s ledger coordinates 24/7 cross-border tokenized deposit transfers while banks retain control of their infrastructure and settlement processes.
Swift’s blockchain-based shared ledger is moving into active use, and the latest development centers on a fresh integration that connects banks directly to tokenized deposit payment rails. The move comes as financial institutions accelerate efforts to modernize cross-border settlement while keeping their existing systems intact.
Integration Brings Tokenized Deposits Into Live Payment Flows
Taurus has linked its tokenization and custody platforms to Swift’s shared ledger, allowing banks to route tokenized deposit payments through infrastructure they already operate. According to the announcement, clients can connect their systems within days, giving them a path to issue, manage, and transact tokenized money without rebuilding their digital asset stack. The first client connections are expected shortly, with initial distributed ledger technology transactions anticipated within weeks.
The integration follows Swift’s July confirmation that its ledger was ready for early use. Seventeen banks across six continents are preparing to pilot live tokenized deposit transactions, and Standard Chartered and HSBC have already completed the first cross-border payment using their respective tokenized deposit systems. Swift’s ledger acts as an orchestration layer that coordinates transfers around the clock before final settlement through existing arrangements such as real-time gross settlement systems.
Expanded Capabilities for Banks Entering the Tokenization Space
Taurus has completed connectivity with Swift’s DLT infrastructure and integrated Swift smart contracts with its tokenization and custody solutions. For institutions already using the company’s platforms, the setup extends their capabilities to bank-issued tokenized money and continuous cross-border payment use cases. The company said the process can be completed in a matter of days, giving clients a rapid path to live activity.
The integration also targets members of the Swift community seeking enterprise-grade tokenization tools or wallet management capabilities. Swift’s ledger keeps tokenized deposits on banks’ balance sheets while coordinating cross-institutional movement, including overnight and on weekends. Final settlement remains unchanged, preserving Swift’s role as a global financial messaging network.
Industry Momentum Builds Around Shared Ledger Adoption
Taurus emphasized that financial institutions need digital asset infrastructure that securely connects to the systems they already use. The company’s work with Swift aims to help banks expand into tokenized deposits and cross-border payments while maintaining control of their infrastructure. Swift unveiled the shared ledger at Sibos 2025 after collaborating with more than 40 institutions, moving from concept to activation in nine months. Seventeen first movers are now piloting tokenized deposit transactions across various use cases.
