SWIFT, in collaboration with BNP Paribas and BNY Mellon, is testing an Ethereum Layer 2 migration via ConsenSys’ Linea network aimed at enhancing settlement efficiency.
The trial could notably impact settlement velocity and cross-border payment flows, potentially influencing Ethereum and associated Layer 2 tokens, though no significant public commentary has emerged.
SWIFT Partners with BNP and BNY on Ethereum Test
SWIFT is testing an Ethereum Layer 2 migration with BNP Paribas and BNY Mellon. This initiative is part of an effort to enhance settlement efficiency for cross-border transactions. It aims to leverage ConsenSys’ Linea network for improved performance.
The collaboration involves SWIFT, BNP Paribas, and BNY Mellon, with ConsenSys providing the Ethereum Layer 2 technology. Key actions include testing new blockchain solutions to increase speed and reduce transaction costs in cross-border payments.
Potential Effects on Ethereum and Market Tokens
Market impacts could involve changes to Ethereum and Layer 2 token behavior, particularly if results are positive. As of September 26, 2025, there are no direct quotes available from leadership or key opinion leaders regarding the collaboration between SWIFT, BNP Paribas, and BNY Mellon for the Ethereum Layer 2 blockchain migration using ConsenSys’ Linea network.
Insights on financial and technological outcomes suggest faster settlements and lower costs may benefit stakeholders. Historical trends from previous blockchain projects indicate potential short-term market effects, but long-term impacts depend on wider adoption.
SWIFT’s Previous Blockchain Efforts Reviewed
Past SWIFT blockchain pilots have seen modest market impacts, supporting interoperability narratives. While initial enthusiasm may rise, the absence of mainnet commercial releases typically dampens sustained price effects.
Expert insights from Kanalcoin suggest current tests could mirror past trends. Market reactions are anticipated to be temporary until broader implementation or specific results are announced. Historical patterns highlight potential faint signals without lasting market disruption.
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