Terafin Insights

Market intelligence. Regulatory clarity. Strategic edge.

Analysis and perspective on digital banking, payments, and the regulatory landscape for financial institutions across Middle East and Africa.

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Payments · Featured

SWIFT’s blockchain shared ledger went live. What it means for Middle East correspondent banking.

SWIFT activated its blockchain-based shared ledger on 9 July 2026. Five weeks later, HSBC and Standard Chartered used it for the first live interbank tokenised deposit transaction. Read alongside the CBUAE's Payment Token Services Regulation and HSBC UAE's own tokenised deposit programme, the pattern is clear: settlement infrastructure is moving onto distributed ledger rails now, not eventually, and the banks with API-first infrastructure above core are the ones positioned to participate.

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