Chainlink Connects Banking Institutions to Swift Blockchain Ledger for Tokenized Deposits

Key Facts

1Chainlink is connecting banking institutions to Swift's blockchain ledger to support tokenized deposits.

2The initiative utilizes CRE technology to support 24/7 cross-border payment workflows.

Chainlink is connecting banking institutions to Swift's blockchain ledger to support tokenized deposits and facilitate connectivity between traditional banking systems and blockchains. According to crypto.news, this integration enables banks to interact with tokenized assets and execute real-time cross-border settlements using blockchain infrastructure.

The initiative utilizes the Chainlink Runtime Environment (CRE) technology to support 24/7 cross-border payment workflows. This framework allows financial institutions to access the Swift ledger while maintaining control over their transaction-signing keys, ensuring secure management of smart-contract activity across tokenized deposit ledgers.