# Swift ledger

Swift ledger is a blockchain-based shared ledger announced at Sibos 2025, designed with more than 40 financial institutions as an orchestration layer for 24/7 cross-border payments using tokenized deposits. It preserves commercial bank money and Swift's role as a messaging network, with final settlement through existing mechanisms.

## How institutions connect to Swift ledger

Connectivity requires wallets and tokenization capabilities on permissioned infrastructure. Taurus completed connectivity to Swift ledger and integrated Swift smart contracts with Taurus-CAPITAL and Taurus-PROTECT on permissioned Hyperledger Besu, with three connection paths: Besu operated by Taurus as a managed service, connection to an institution's existing Besu or EVM-compatible infrastructure, or extension of an existing Taurus-PROTECT instance in days.

FAQ:

- Does Swift ledger replace existing settlement? No. Tokenized deposits stay on banks' balance sheets, payment availability extends toward 24/7, and final settlement continues through existing arrangements such as RTGS systems. Swift's role as a global messaging network is unchanged.

Related: https://www.taurushq.com/swift-ledger/ https://www.taurushq.com/glossary/tokenized-deposit/ https://www.taurushq.com/glossary/permissioned-blockchain/

Learn more: https://www.taurushq.com/glossary/swift-ledger/