DeFi· ★★★★· bullish·

IBM Connects Tokenized Deposit Platform to Swift Network

  • —IBM opened beta access to Swift's blockchain ledger for tokenized deposits
  • —ISO 20022 messaging support means banks keep existing payment workflows
  • —17 banks joined the pilot, including HSBC, Citi and UBS
  • —HSBC and Standard Chartered completed the first live cross-border transaction
Why it matters: The integration accelerates bank adoption of tokenized deposits and narrows the gap between traditional settlement and blockchain rails.
Source: Bit2Me News
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