- Swift and Chainlink enable tokenized bond transactions across blockchains using existing financial infrastructure.
- AI validation and ISO 20022 messaging ensure accurate, standardized data across global corporate actions.
- Integration supports identity, compliance, and cross-chain transfers for institutions without replacing systems.
Swift has completed a major interoperability trial with Chainlink, enabling tokenized bond transactions across blockchain networks and traditional systems. The initiative involved major European banks, including BNP Paribas Securities Services, Intesa Sanpaolo, and Société Générale FORGE. Announced through ongoing industry work, the effort aims to standardize digital asset processing using existing financial infrastructure.
Banks Test Cross-chain Asset Transactions
According to Chainlink, the trial demonstrated how Swift can coordinate tokenized bond transactions across multiple environments. These include both blockchain networks and established enterprise systems.
Notably, this builds on earlier work involving UBS Asset Management and over 12 global financial institutions. Participants included Citi and BNY Mellon, which tested cross-chain settlement using existing payment rails.
Through this setup, institutions accessed blockchain networks without replacing their current systems. Instead, they relied on Swift’s messaging standards combined with Chainlink infrastructure.
AI and Data Validation Improve Accuracy
Meanwhile, the initiative introduced a system to standardize corporate actions data. Chainlink’s Runtime Environment validated outputs from multiple AI models during testing.
These results were converted into ISO 20022 messages and transmitted to the Swift network. At the same time, Chainlink’s Cross-Chain Interoperability Protocol distributed the same data across blockchains.
Importantly, designated data attestors and contributors verified and enriched records. This process ensured nearly 100% data accuracy across tested corporate actions.
The system also supported multilingual processing, including Spanish and Chinese disclosures. As a result, institutions could handle global datasets more efficiently.
Infrastructure Links Identity and Compliance
Similarly, Chainlink expanded its role in identity and compliance systems. A partnership with the Global Legal Entity Identifier Foundation introduced verifiable identity tools for blockchain use.
This solution combines legal identity data with onchain infrastructure to enable compliant transactions. It also allows institutions to verify asset origin and enforce regulatory requirements programmatically.
Additionally, Swift and Chainlink demonstrated cross-chain transfers using CCIP. These tests involved institutions such as Euroclear, Clearstream, and Lloyds Banking Group.
These developments show how tokenized assets can move across systems while maintaining consistent data, identity, and compliance standards.