Bottomline launches Global Pay Connect with Chainlink to connect 600+ banks to blockchain via Swift integration.
RWA & Tokenization ·
Bottomline has partnered with Chainlink to launch Global Pay Connect, a platform designed to connect over 600 banks to blockchain infrastructure through Swift integration. The initiative leverages Chainlink's oracle technology to bridge traditional banking messaging systems with onchain settlement, enabling financial institutions to participate in tokenized asset ecosystems without replacing their existing Swift-based workflows.
The partnership sits within a broader wave of Swift modernization efforts. Multiple banks and fintech firms are piloting blockchain-based cross-border payment systems that preserve Swift's standardized messaging while adding real-time settlement capabilities and reduced friction for international transfers. These hybrid models aim to retain Swift's role as the global banking backbone while introducing blockchain efficiency for certain transaction types.
The extent to which Global Pay Connect will drive actual tokenized payment volume, or remain primarily a connectivity layer for future use cases, remains unclear. Details about the platform's launch timeline, specific bank participants, and the technical architecture for Swift-to-blockchain message translation have not been disclosed.