SWIFT is utilizing Ethereum L2 Linea technology to develop an encryption ledger, and is currently conducting prototype testing, with over 30 banks collaborating to support real-time payments, messaging, and stablecoin Settlement.

If the test goes smoothly, it means that more institutions will participate in the future. SWIFT connects over 11,500 financial institutions worldwide and processes approximately $150 trillion in transactions each year. If it implements the ledger on Ethereum L2, it would be significant for Ethereum.

First, it means that financial institutions recognize the Ethereum technology stack, which is beneficial for promoting Ethereum as a neutral settlement layer, bridging traditional finance and encryption finance.

Secondly, the real-time cross-border payments and tokenized asset settlements processed by the SWIFT ledger ultimately require the security of Ethereum.

If a portion of SWIFT's transaction volume (tens of trillions of dollars daily) is transferred to the blockchain, it will drive Ethereum to support larger-scale stablecoins and tokenized assets, boosting daily active users, transaction volume, and gas fee consumption in the Ethereum ecosystem.

For Ethereum, the larger-scale asset on-chain requires higher security, greater staking demand, and the large-scale increase in transactions also benefits the consumption of Ether, enhancing its value.

The scale of assets that Ethereum can carry in the next decade will be beyond imagination. #ETH