Overview

• The pilot places payment instructions and settlement in a single blockchain transaction rather than separate processes.
• More than a dozen institutions, including BNP Paribas and BNY Mellon, are taking part in the early tests.
• The trials assess Linea’s zk-rollup design for Ethereum compatibility, lower costs, higher throughput, and privacy suitable for regulatory compliance.
• SWIFT is exploring an interbank settlement token similar to a stablecoin to support direct value transfer between banks.
• The initiative is framed as a bank-aligned alternative to providers such as Ripple, with results and production timelines not yet disclosed.