In a significant development for global financial infrastructure, Consensys founder and CEO Joseph Lubin has officially confirmed that SWIFT will utilize the Ethereum layer-2 scaling solution Linea to construct its new digital payments ledger. This strategic partnership represents a major milestone in bridging traditional financial systems with blockchain technology.
The collaboration marks SWIFT’s continued evolution toward modernizing cross-border payment systems through distributed ledger technology. Linea’s advanced zero-knowledge proof technology provides the necessary scalability and privacy features required for SWIFT’s high-volume transaction environment while maintaining Ethereum-level security.
Industry analysts note this integration could substantially reduce settlement times and operational costs for the 11,000+ financial institutions currently using SWIFT’s messaging network. The implementation demonstrates growing institutional confidence in Ethereum’s layer-2 ecosystem and its capacity to handle enterprise-level financial applications.
This development follows SWIFT’s ongoing blockchain interoperability experiments and signals a strategic shift toward incorporating decentralized infrastructure within traditional finance. The partnership between the established financial messaging giant and the leading Ethereum development studio highlights the continuing convergence between conventional banking systems and innovative blockchain solutions.
