BNP Paribas and HSBC complete first Swift blockchain treasury payment between accounts
A pilot corporate treasury payment using Swift’s blockchain shared ledger moved money from BNP Paribas’ euro account in France to HSBC’s sterling account in the UK. The live test assessed whether the ledger can support cross-bank settlement with tokenised deposits for Siemens. Swift launched the ledger in September 2025 and HSBC and BNP Paribas say the successful transaction demonstrates cross-currency blockchain settlement.