IBM Connects Banks to Swift's 24/7 Tokenized Deposit Network
- —17 banks across six continents are preparing to pilot tokenized deposit transactions
- —The ISO 20022 adapter connects banks to Swift's ledger without replacing existing infrastructure
- —Funds can move 24/7, including overnight and weekends, before final settlement
- —Swift connects 12,500 financial institutions and 40,000 active payment corridors
Why it matters: Tokenized deposits are moving from proofs-of-concept to integration, letting banks move money 24/7 without issuing stablecoins.
Source: Crypto News Flash