Oracle Connects Bank Payment Systems To Swift’s Blockchain Ledger

TL;DR Oracle is integrating its banking and blockchain infrastructure with Swift’s shared ledger for tokenized deposits. Banks can connect their own tokenized-deposit systems to cross-bank payment flows while retaining control of the underlying assets. Oracle Banking Payments will link those digital-asset flows with existing ISO 20022 processing. Oracle is building a bridge between the systems banks already use to move money and Swift’s emerging blockchain ledger. The company announced the integration at Sibos in Miami on September 28, giving financial institutions another route into tokenized-deposit payments without requiring them to replace their existing core infrastructure. Banks Keep Their Own Deposits Swift’s ledger is not designed to become one enormous bank balance sheet. Individual institutions still maintain their own tokenized-deposit infrastructure. The shared ledger coordinates payment commitments between those institutions so the digital representations of commercial bank money can work across bank boundaries. Oracle’s integration is designed to connect the two sides. Oracle Blockchain Platform can host the smart contracts needed to interact with the Swift ledger, wh...