Chainlink to Connect Banks to Swift's Blockchain Ledger for Tokenized Deposits
- —The solution uses Chainlink Runtime Environment and a self-signing model, keeping keys with banks
- —Smart contracts operate across both the tokenized deposit ledger and Swift's ledger
- —Swift completed the proof of concept in 9 months with 40+ institutions; 17 are in pilot
- —Swift's network spans 200+ countries and more than 11,500 financial institutions
Why it matters: The integration accelerates tokenized deposit adoption in traditional banking and strengthens LINK's position as TradFi blockchain infrastructure.
Source: Blockmedia