Key NotesSwift is adding a blockchain-based shared ledger to its network, developed in partnership with Consensys, to handle tokenized asset transfers. The project involves a massive industry coalition, with over 30 financial institutions like JPMorgan and HSBC contributing to its design. Global financial messaging network Swift announced on Sept. 29 that it is developing a blockchain-based shared ledger to handle cross-border transactions. Swift is collaborating with Ethereum software firm Consensys on an initial prototype, alongside over 30 major financial institutions, including JPMorgan, HSBC, and Deutsche Bank. The shared ledger is designed to give financial institutions a trusted platform for moving regulated, tokenized value.