Acquire. Hold. Use.
Three states, one record. Every unit that enters or leaves a balance is a ledger entry with an origin, which is what makes a balance something you can audit rather than something you have to trust.
Three states
The ledger
Swift balances are not stored as editable numbers. They are derived from an append-only record of transactions, with cached balances kept in step for performance. Corrections are made by writing a reversing entry, never by editing history.
- Available — units you can move right now.
- Locked — units committed to an open order or a pending settlement.
- Total — available plus locked. Always equal to the sum of your ledger entries.
Verification
Identity verification is required before a purchase can settle. Swift integrates a third-party verification provider; results come from that provider and are never assumed, simulated or self-declared.
What is not live yet
Commerce utility — electronics, goods, services, travel and merchant payments — is planned. Each category is released only once it genuinely works end to end. Availability is subject to development, partnerships and applicable regulatory requirements.