Swift and Chainlink Test Connection From Financial Institutions to Blockchain Networks
In a significant development for the financial industry, Swift, the renowned interbank messaging system, and Chainlink, a leading provider of real-world data to blockchains, have joined forces to collaborate with over a dozen major financial institutions. The objective of this collaboration is to explore the possibilities of connecting these institutions with multiple blockchain networks. In this article, we will delve into the details of this groundbreaking partnership and the potential impact it could have on the financial sector.
The Power of Collaboration: Swift, Chainlink, and Financial Institutions
In a new set of experiments, Swift will partner with major traditional financial institutions such as the Depository Trust and Clearing Corporation (DTCC), Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear, and Lloyds Banking Group. This collaborative effort aims to test how these institutions can utilize Swift’s infrastructure to instruct the transfer of tokenized assets across blockchains. The goal is to enhance operational efficiency and explore the potential benefits of blockchain technology in the financial sector.
