Chainlink Partners With Swift To Enable Financial Institutions' Access To Blockchain Ledger
Chainlink has announced it is working to enable financial institutions to connect their systems and key signing infrastructure to Swift's blockchain ledger via its Chainlink platform. This collaboration allows banks to access the Swift ledger, manage smart contracts on both internal ledgers for tokenized deposits and the shared ledger itself. The solution uses a self-signing model through the Chainlink Runtime Environment (CRE), allowing institutions to maintain control over transaction keys while CRE handles workflow orchestration. Swift's blockchain-based ledger is designed as an orchestration layer enabling 24/7 cross-border payments using tokenized deposits that remain on banks' balance sheets. The system coordinates fund movements between participating institutions, including overnight and weekends, without altering Swift’s role in global financial messaging or final settlement processes. Chainlink CEO Sergey Nazarov expressed enthusiasm about the potential of this collaboration to expand payment availability while preserving existing security frameworks. Swift launched its ledger at Sibos 2025 with input from over 40 institutions globally and has already seen pilot use by seventeen early adopters for various tokenized deposit transactions. Chainlink, a leader in on-chain finance platforms, is helping banks connect to the Swift network as they expand into blockchain-based financial services.
Topics: blockchain cross-border_payments financial_infrastructure smart_contracts