DeFi· ★★★★· bullish·

Chainlink Connects Financial Institutions to Swift's Blockchain Ledger for Tokenized Deposits

  • —The setup uses the Chainlink Runtime Environment and its self-signing model
  • —Deposits remain on participating banks' ledgers, with Swift coordinating only the workflow
  • —17 banks across six continents are preparing to pilot live tokenized-deposit transactions
  • —Swift and Chainlink previously tested CCIP for blockchain interoperability in 2023
Why it matters: The integration links banks' tokenized deposits to Swift's infrastructure, accelerating blockchain adoption in cross-border payments.
#LINK
Source: Crypto Daily
More on this
DeFi · Sep 24
IBM links Digital Asset Haven to Swift's blockchain ledger for tokenized deposits
 DeFi · Sep 14
DBS, OCBC and UOB conduct first interbank settlements with tokenized deposits on SWIFT blockchain ledger
 DeFi · Sep 27
IBM Connects Tokenized Deposit Platform to Swift Network