IBM Connects Banks To Swift’s Blockchain Ledger For Tokenized Deposits

IBM Digital Asset Haven can now connect financial institutions to Swift’s blockchain-based shared ledger through a beta integration.Banks can instruct

• IBM has integrated its Digital Asset Haven with Swift's blockchain-based shared ledger, allowing financial institutions to conduct tokenized deposit transactions using existing ISO 20022 payment messages.
• This integration aims to bridge traditional banking infrastructure with blockchain technology, addressing a key obstacle to institutional adoption by maintaining familiar messaging and operational processes.
• The solution offers both cloud-based and on-premises deployment options, positioning tokenized deposits as a bank-liability-backed alternative to stablecoins with enhanced programmability and 24/7 settlement capabilities.

Topics: Banks bankingsystems, Blockchain usage, Integration with defi, 28 1 custody asset servicing, 6 1 ethereum evm l 1 s, 8 1 rwa collateral lending

Tags: #ibm #swift #tokenizeddeposits #blockchain #iso20022 #financialinstitutions #digitalassethaven #onpremises #stablecoins #settlement

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