- $150T Power Play: SWIFT chooses HBAR for live bank trials, signaling major financial adoption.
- Global Bank Test: HBAR rolls out across three continents, proving its real-world scalability.
- IIF’s Top Choice: HBAR already leads with 450 major banks, now SWIFT endorses its tech.
HBAR takes a giant stride as SWIFT, the backbone of global financial messaging, launch live trials using Hedera’s technology starting in 2025. This move, announced at HederaCon, marks a monumental leap for the Hedera blockchain potentially cementing its position as a leading distributed ledger technology (DLT) for financial institutions.
SWIFT, which enables the movement of over $150 trillion annually, has been conducting proof-of-concept tests with Hedera, validating its ability to handle real-world financial transactions. The upcoming live trials will involve banks across North America, Europe, and Asia, demonstrating SWIFT’s confidence in Hedera’s scalability and reliability. This endorsement from SWIFT, an institution trusted by banks worldwide, is a significant validation for HBAR.
Furthermore, Hedera is already the preferred L1 DLT for the International Institute of Finance, representing 450 of the world’s largest banks.
The live trials will demonstrate HBAR’s ability to handle the high-volume needs of international banking. The successful tests indicate that Hedera can be the premier blockchain for global financial institutions.
HBAR’s “Beautiful” Setup: $0.228 Key to Explosive Growth
Adding to the bullish outlook, technical analysis reveals HBAR is currently sitting at a strong support level. “The structure is holding beautifully,” analysts note, suggesting a potential breakout. Specifically, a reclaim of the $0.228 level could trigger rapid upward movement. “A breakout from here opens the door to $0.40+,” they predict, urging traders not to miss this potential opportunity.
Hedera’s burgeoning adoption extends far beyong banking. The plaform has expanded its footprint across various sectors and by government bodies. From banking and aviation to security and more, the blockchain platform has teamed up with leading players including Novatti’s use of Hedera in MAS trials. These partnerships and integrations are key drivers of real-world utility being adopted on Hedera in the long run.
In related development, Nasdaq recently filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Canary HBAR ETF. This ETF aims to provide institutional investors with exposure to the Hedera Network token.
