The first participants in the project are Citi, HSBC, UBS, BNP Paribas, Standard Chartered, Wells Fargo, BNY, DBS, and MUFG Bank. The shared ledger will allow institutions to transfer funds for customers around the clock, including at night and on weekends. Swift emphasized that this approach preserves the existing credit standards of modern banking systems. At the same time, it improves customer service and liquidity management efficiency. Swift developed the product in nine months, taking into account feedback from international financial institutions. The company also noted that the project lays the groundwork for future upgrades, including AI-agent trading.