Oracle and Chainlink connect banks to Swift blockchain ledger for tokenized deposits
Image: Crypto.newsOracle is integrating its financial services technology with Swift's blockchain ledger to connect banks' tokenized deposit systems to existing payment flows. Chainlink launched a connection framework that lets financial institutions access Swift's ledger while retaining control of their transaction signing keys. Seventeen banks across six continents are preparing live pilots using tokenized deposits on Swift's ledger. Swift's existing network connects more than 11,500 institutions and corporates across over 200 markets.
Key points
- Swift's blockchain ledger coordinates cross-border payments using tokenized commercial bank deposits.
- Oracle and Chainlink have each built integrations to connect financial institutions to Swift's blockchain ledger.
- Both integrations let financial institutions retain control of their existing infrastructure and signing processes.
- Both integrations are designed to help banks maintain security controls and operational oversight.
Why it matters
The integrations expand options for banks to use tokenized deposits in cross-border payments while retaining control of their existing systems. Swift's ledger connects over 11,500 institutions across 200+ markets, with 17 banks preparing live pilots.
What's unclear
The reports do not specify a timeline for the 17 banks' live Swift ledger pilot launches
The reports do not clarify whether the Oracle and Chainlink Swift ledger integrations are interoperable
Price context · LINK
At publication
$14.99
Now
$14.86
Change since
−0.87%
7 days · dashed line = publication
Sources · 2 publishers
Crypto.news
Tier 2
Chainlink connects banks to Swift blockchain ledger
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
