Lead Developer/Systems Engineer

SWIFT is developing blockchain-based cross-border payment infrastructure with over 40 global banks, targeting launch by mid-2026, with XRP positioned as an optional liquidity rail within the network. The connection runs through Thunes, a payments company embedded in SWIFT's network that links to Ripple's payment products and XRP's on-demand liquidity functions. Major institutions including Bank of America, JPMorgan Chase, HSBC, Deutsche Bank, BNP Paribas and Lloyds Bank are involved. SWIFT completed its ISO 20022 migration in November 2025 and has successfully trialled USDC, tokenised deposits and bonds. The SWIFT-Thunes integration gives more than 11,000 banks optional access to Ripple's liquidity products, including XRP as a bridge asset for settling payments without pre-funded nostro accounts. However, XRP usage is not mandated within the network.

Movitz and Íslandsbanki bring Swift payment tracking into the customer experience. Magnus Hedenberg March 24, 2026 Enabling real-time visibility into cross-border payments directly within the bank's digital channels, Movitz Payments and Íslandsbanki have successfully implemented Swift's end-to-end tracking capabilities. "The whole process exceeded our expectations", says Anna Hilda Guðbjörnsdóttir, Clearing & Trade Finance at Íslandsbanki. This marks an important step toward making international payments more transparent, predictable, and user-friendly. Areas that have traditionally been challenging for both banks and their customers. What is Swift GPI and why does it matter? Swift GPI has transformed the way financial institutions send cross-border payments, offering real-time, end-to-end tracking, improving transparency, efficiency, and enabling action on delays. While historically this information has typically remained within bank operations, Swift is taking steps to enhance the customer experience, with a new framework for retail transactions which includes enabling consumers to track a payment from start to finish. From Movitz's perspective, this is a critical shift - one that drives transparency, traceability, and ultimately greater trust in payments. Bringing tracking into the customer interface Swift's tracking capabilities make tracking data available via a standardized API, allowing banks to surface payment status directly in their digital channels. Rather than building a separate integration, Movitz has embedded API into its existing Payment Tracking service. This allows banks to access payment tracking capabilities through Movitz as part of a unified solution. One service for both GPI and non-GPI banks By incorporating the Swift API into its platform, Movitz is enabling all its customers to use the same Payment Tracking service. Banks utilising Swift GPI can access richer tracking data, while the API provides a lighter dataset focused on core status updates without elements such as cover payments or fee breakdowns. Despite this, the customer experience remains consistent: a clear, real-time view of where a payment is in its journey. A step toward transparent cross-border payments By combining Swift's infrastructure with Movitz's integration layer, Íslandsbanki can now provide real-time insight into payments, reducing uncertainty and building trust. Anna Hilda Guðbjörnsdóttir, Clearing & Trade Finance at Íslandsbanki, says: "The whole process exceeded our expectations. The Movitz team guided us through every step of the implementation and made the integration smooth and efficient. It has been a pleasure working with Movitz and we highly recommend them." Movitz as the integration layer Movitz acts as the integration layer between bank channels and the Swift network, abstracting complexity into a single API and service. This enables banks to: * Deliver tracking directly in existing channels. * Avoid complex, resource-intensive integrations. * Launch new capabilities faster. It reflects Movitz's broader mission: making payment modernization accessible by embedding advanced capabilities into services that are easy to deploy and scale. Enabling the future of payment experiences This collaboration shows how banks can turn network-level capabilities into real customer value. Movitz's platform brings together tracking, verification, and case management in a unified solution helping banks modernize payment experiences without rebuilding their existing systems. By bringing payment tracking into the customer experience, Movitz and Íslandsbanki are taking a concrete step toward a future where every payment is fast, secure, and fully transparent.

Societe Generale works with Swift to settle tokenize bonds using cash and stablecoins. The bank's digital asset division SG-FORGE used its mica-compliant EUR coinvertible stablecoin. What to know: * The transaction demonstrated the feasibility of key market operation use cases: issuance, delivery-versus payment (DvP) settlement, coupon payments and redemption. * The trial is part of a broader series of digital asset and currency use cases led by Swift involving more than 30 global banks The cryptocurrency and stablecoin-focused arm of French bank Societe Generale (GLE), SG-FORGE, is working with Swift, the global interbank messaging system, to exchange and settle tokenized bonds using both fiat and digital currencies, the bank said Thursday. The transaction was carried out using SG-FORGE's EURCV$1.1631 stablecoin, the first MiCA [Markets in Crypto Assets]-compliant stablecoin natively compatible with Swift, which played an orchestration role across blockchain platforms and existing payment systems, the bank said. The transaction "demonstrated the feasibility of key market operation use cases: issuance, delivery-versus payment (DvP) settlement, coupon payments and redemption," SG-FORGE said. Blockchain technology and stablecoin settlement rails are often touted as an alternative to Swift. It this case SocGen is pushing the collaborative possibilities between existing and emergent infrastructure. As such, tokenized bonds can leverage existing payment infrastructures, enabling financial institutions to benefit from faster settlements through the integration of ISO 20022 standards, the bank said. "This milestone demonstrates how collaboration and interoperability will shape the future of capital markets," said Thomas Dugauquier, tokenized assets product lead at Swift. "By proving that Swift can orchestrate multi-platform tokenized asset transactions, we're paving the way for our customers to adopt digital assets with confidence, and at scale. It's about creating a bridge between existing finance and emerging technologies." The trial is part of a broader series of digital asset and currency use cases led by Swift. In September last year, Swift said it would work with more than 30 global banks on the development of a shared digital ledger based on blockchain, which will initially focus on enabling real-time, 24/7 cross-border payments. Commissioned by KuCoin KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market. * KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record. * This performance translated into an all-time high share of centralised exchange volume, as KuCoin's activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility. * Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line. * Altcoins accounted for the majority of trading activity, reinforcing KuCoin's role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover. * Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes. Bank of America CEO says stablecoins could drain trillions in bank deposits BofA CEO Brian Moynihan echoed other banks in warning that $6 trillion in bank deposits were at stake, even as he said the bank will "be fine." * Bank of America CEO Brian Moynihan expressed confidence that the bank will adapt to the rise of stablecoins but warned of potential risks to the broader banking system. * Moynihan highlighted concerns that trillions of dollars could move into stablecoins, reducing banks' lending capacity and increasing borrowing costs. * The GENIUS Act and ongoing legislative debates aim to regulate stablecoin issuers, but banks argue for stronger measures to prevent stablecoins from acting as interest-bearing substitutes.