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LIVE DESK·Global markets desk·Last updated 14s ago
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HSBC, Standard Chartered complete first live Swift banking transaction

The transaction marks Swift’s initial pilot under its new 24/7 ledger initiative.

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Marcus Webb · Crypto Desk · 19 Aug 2026 · 15:17 · 1 min read
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HSBC, Standard Chartered complete first live Swift banking transaction

HSBC and Standard Chartered executed the first live cross-border banking transaction on Swift’s new 24/7 ledger as part of a pilot project. The move is part of Swift’s effort to test settlement capabilities amid growing adoption of stablecoins and tokenized deposits.

Further details about the transaction’s size, parties involved beyond the two banks, or timelines were not immediately available.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Marcus Webb
Crypto Desk

Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.

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