According to CoinMeta, Taurus indicates that for banks to connect to the Swift blockchain ledger, they must possess capabilities for licensed ledgers, digital asset wallets, and tokenized smart contracts. This ledger is positioned as an orchestration layer and does not replace the internal systems of banks or existing settlement arrangements. The Swift ledger supports tokenized deposit transfers across borders around the clock, and real transactions using HSBC, Standard Chartered, DBS, and Citi have been completed. Related payments can be settled within minutes, and this process can also be carried out on weekends.