Chainlink Is Enabling Financial Institutions to Connect to Swifts Blockchain Ledger
Summary
Chainlink announced a new solution that lets financial institutions connect their systems and key-signing infrastructure to Swift’s blockchain ledger. The platform uses Chainlink Runtime Environment to orchestrate workflows while banks keep control of their private keys and approval processes. This setup supports 24/7 tokenized payment workflows and lets institutions manage smart contracts on both their own ledgers and Swift’s ledger. Swift’s shared ledger is already in pilot with first-mover banks, and Chainlink positions itself as the technology partner for institutions that want to adopt tokenized deposits.
AskAI Classifications
Sectors
No sectors detected
Functions
Developer and IT Infrastructure
Development Platforms
Linked Companies
Chainlink
$10M to $25M