Chainlink, Swift to Trial Linking Financial System Actors to Blockchains
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Swift, the messaging system used for interbank communication, and Chainlink (LINK), a supplier of blockchain real-world data, have announced a collaborative effort with numerous financial institutions. The objective of this initiative, as outlined in a press release released last week, is to explore how these institutions can establish connections with various blockchain networks. In a series of tests, Swift will join forces with prominent traditional financial organizations such as the DTCC, ANZ, Citi, BNY Mellon, BNP Paribas, Euroclear and Clearstream. The primary aim is to evaluate the feasibility of utilizing Swift’s innovations to facilitate the exchange of tokenized assets between
Swift and Chainlink have developed together to become one of the most noteworthy partnerships between traditional finance and blockchain technology. For almost a decade, both organizations have been addressing one common goal, allowing financial institutions to get into blockchain networks without dropping the infrastructure, message standards and operational controls that…