Swift Completes Interoperability Trials with Chainlink and Major Banks

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Swift has completed interoperability trials with Chainlink and major banks, including BNP Paribas, Intesa Sanpaolo, and Société Générale, demonstrating interoperability protocols for tokenized asset transactions across platforms. The trials also involved HSBC and Ant International for ISO 20022 interoperability, Citi for fiat and digital currency settlement, and Northern Trust, the Reserve Bank of Australia, UBS Asset Management, and Chainlink for digital asset exchanges and tokenized asset connectivity. Swift is now collaborating with over 30 global banks to integrate blockchain-based ledgers for real-time cross-border payments.

Odaily Planet Daily News: As part of its collaboration with Chainlink and UBS Asset Management, SWIFT has achieved a milestone interoperability goal with BNP Paribas, Intesa Sanpaolo, and Société Générale, demonstrating how SWIFT can coordinate tokenized asset transactions across multiple platforms.

In addition, Swift has recently conducted a series of experiments, including achieving ISO 20022 interoperability between blockchains with HSBC and Ant International; conducting fiat and digital currency settlements with Citi; engaging in digital asset transaction exchanges with Northern Trust and the Reserve Bank of Australia; and connecting tokenized assets with UBS Asset Management and Chainlink. Currently, Swift is focusing on collaborating with more than 30 global banks to add blockchain-based ledgers within the infrastructure stack, aiming to enable real-time cross-border payments available 24/7.

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