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 tokenized-deposit transactions using existing ISO 20022 payment messages. Swift’s ledger is already being tested by 17 first-mover institutions, while IBM is also adding an on-premises version of Digital Asset Haven. **ID:** N25-05 **Site:** NewsBTC **Status:** READY **Author:** NewsBTC Editorial Team **Focus Keyword:** IBM **Image Keyword:** Tokenization **Category:** Technology **Tags:** IBM, Swift, Tokenized Deposits, Banking, Blockchain **Primary Source:** https://newsroom.ibm.com/ Banks Can Keep The Message Format They Already Know That may sound like a small technical detail. For banks, it is probably the point. One of the biggest obstacles to institutional blockchain adoption is not whether a distributed ledger can move an asset. It is whether the new system can connect to the compliance, messaging and operational infrastructure institutions already run. IBM’s new adapter lets banks send instructions to Swift’s tokenized-deposit ledger using existing payment-message formats rather than forcing staff and systems to work throug...