On March 30, SWIFT (Society for Worldwide Interbank Financial Telecommunication) announced significant progress in its blockchain-based shared ledger project, having completed the design phase with multiple global banks. It has now officially entered the construction phase for its first Minimum Viable Product (MVP) iteration, with plans to launch real transactions by 2026. The ledger aims to achieve interoperability of tokenized deposits between banks and support 24/7 cross-border payments. Functionally, the ledger supports payments using tokenized deposits, reuses existing compliance processes, and is compatible with various settlement methods. SWIFT stated that the core advantages of this ledger include faster payment execution, improved liquidity visibility, reduced reconciliation workload, and achieving interoperability across institutions. Currently, SWIFT is collaborating with banks worldwide to accelerate the financial industry's transition to digital finance.