At the Sibos in Frankfurt, SWIFT announced the launch of the first phase of a project for a distributed ledger dedicated to 24/7 operational cross-border payments. The prototype, developed with Consensys, involves over 30 financial institutions in 16 countries. The official announcement was published by SWIFT on September 29, 2025, and the communication highlights the intention to explore an extension to over 200 countries and territories according to the press release notes. According to the data collected during the Sibos on September 29, 2025, the demo-event included technical sessions where participants shared operational insights and integration requirements. Industry analysts present also highlighted the centrality of alignment with standards such as ISO 20022 to make adoption feasible on a large scale. These preliminary findings were gathered directly from the representatives of the banks involved and the development teams on site.