Taurus Bridges Connectivity to Swift’s Blockchain Ledger for 24/7 Cross-Border Payments

Taurus has completed a technical integration enabling financial institutions to connect their digital asset infrastructure directly to Swift’s blockchain-based shared ledger. This development allows banks to facilitate 24/7 cross-border payments using tokenized deposits, bridging the gap between existing custody solutions and the emerging global network for distributed ledger technology (DLT) transactions.

What was announced

Taurus has successfully integrated Swift’s DLT infrastructure and smart contracts into its core product suite, specifically the Taurus-CAPITAL tokenization platform and Taurus-PROTECT custody solution. This connectivity is designed for financial institutions operating on permissioned blockchain infrastructure, allowing them to manage bank-issued tokenized money alongside their existing digital asset portfolios.

The integration provides a secure orchestration layer for cross-border payments. Under this model, tokenized deposits remain on the individual banks' balance sheets, preserving the regulatory and financial benefits of commercial bank money. Swift’s ledger acts as a coordinator for fund movements between participating institutions, operating continuously including overnight and on weekends. Crucially, this orchestration occurs before final settlement, which continues to take place through established mechanisms like real-time gross settlement (RTGS) systems, ensuring that Swift’s role as a global messaging network remains intact while extending payment availability.

The first live clients are expected to connect within days, with the initial DLT transactions facilitated through Taurus projected to occur in the coming weeks. The solution is aimed at both existing Taurus clients and members of the Swift community—which connects more than 11,500 institutions across 200 markets—who require enterprise-grade wallet management or a point of entry into the tokenization space. Swift’s shared ledger was originally unveiled at Sibos 2025 and was developed in collaboration with over 40 global financial institutions. Currently, seventeen first-mover institutions are piloting the ledger for various tokenized deposit use cases.

"Financial institutions need digital asset infrastructure that can connect securely with the systems and networks they already use. By enabling seamless connectivity to Swift’s blockchain-based shared ledger, Taurus is helping banks extend their digital asset capabilities to tokenized deposits and cross-border payments while retaining control of their own infrastructure."

Lamine Brahimi, Co-Founder and Managing Partner at Taurus.

The companies involved

Taurus is a Swiss-based provider of digital asset infrastructure, specializing in custody, tokenization, and node management for financial institutions. The firm operates in a highly regulated environment, providing the technical framework necessary for banks to handle cryptocurrencies, tokenized securities, and digital currencies. Its platform is designed to meet the stringent security and compliance requirements of the global banking sector.

Swift (the Society for Worldwide Interbank Financial Telecommunication) is the global member-owned cooperative that serves as the world’s leading provider of secure financial messaging services. It provides the platform that allows more than 11,500 banking organizations, securities institutions, and corporate customers to communicate and exchange standardized financial messages. In recent years, Swift has focused on interoperability between traditional finance and blockchain technology, seeking to prevent the fragmentation of "digital islands" as banks adopt DLT. Other major players in the broader financial ecosystem currently engaging with these technologies include HSBC, Standard Chartered, First Abu Dhabi Bank, and State Street, alongside regional entities like Zand Bank and Mashreq. Regulatory oversight for such digital asset activities in Taurus's home market is provided by FINMA.

What FF News has reported before

FF News has closely tracked the evolution of Swift’s blockchain initiatives and the broader tokenization market. We previously reported on how HSBC and Standard Chartered Complete First Live Tokenised Deposit Transaction via Swift Blockchain, a milestone that demonstrated the practical application of the shared ledger. Additionally, our coverage has touched on the growing infrastructure for digital assets, including the report Sumsub and Caliber Launch Reusable On-Chain Identity for Tokenized Real Estate, which highlighted the increasing sophistication of on-chain verification and asset management.

What this means

This integration signals a move away from isolated blockchain experiments toward a unified infrastructure where DLT and traditional messaging coexist. By allowing tokenized deposits to remain on-balance-sheet while utilizing a shared ledger for orchestration, the industry is addressing the liquidity and regulatory concerns that have previously slowed the adoption of 24/7 payments. The pressure is now on legacy technology providers to offer similar interoperability, as banks increasingly demand solutions that do not require a complete overhaul of their existing settlement arrangements. The central question for the sector is no longer whether tokenization is viable, but how quickly the "first-mover" advantage of these seventeen pilot banks will translate into a new global standard for cross-border liquidity.