SWIFT plans to establish a blockchain-based crypto payments ledger using Ethereum's layer 2 solution, Linea, as announced by ConsenSys CEO Joe Lubin at the TOKEN2049 conference. The initiative will utilize Linea's zk-EVM rollup technology to facilitate near-instant, 24/7 interbank settlements with reduced fees. Major financial institutions, including Bank of America, Citi, JPMorgan Chase, and Toronto-Dominion Bank, are involved in the trials. Linea currently holds $2.27 billion in total value locked and handles about 1.5 transactions per second.