Taurus, a Geneva-based digital asset infrastructure provider, has completed integration with Swift’s blockchain-based shared ledger, allowing financial institutions to issue and manage tokenized deposits directly on their balance sheets.
The connectivity enables Swift member banks to access Taurus’s tokenization and custody platforms—Taurus-CAPITAL and Taurus-PROTECT—while maintaining deposits on their own ledgers. Swift’s ledger coordinates interbank transfers, including overnight and weekend transactions, before final settlement through existing mechanisms such as real-time gross settlement systems. Institutions already using Taurus for custody and issuance can establish connectivity within days.
Swift announced the shared ledger initiative at Sibos 2025 and developed it in collaboration with over 40 financial institutions. The project progressed from concept to activation in nine months, with 17 pioneer institutions conducting pilot transactions using tokenized deposits. The first active clients are expected to be onboarded within days, with the first transactions anticipated within weeks.
The integration preserves Swift’s role as a financial messaging network, ensuring that the ledger functions as a coordination layer rather than a replacement for existing settlement infrastructure.
