IBM integrates Digital Asset Haven with SWIFT's blockchain ledger via a new messaging adapter for tokenized deposit transactions using ISO 20022 standards.
Tech & Launches ·
IBM has connected its digital asset platform to SWIFT's blockchain network, enabling banks to conduct tokenized deposit transfers around the clock using existing payment infrastructure. The integration allows financial institutions to leverage their current messaging systems for moving tokenized deposits without requiring new operational frameworks.
The connection operates through a messaging adapter that aligns with ISO 20022 standards, the international messaging format widely adopted in banking. This approach preserves compatibility with banks' existing settlement and payment workflows while extending their capabilities to the blockchain environment.
The broader implications for settlement speed, custody arrangements, and regulatory oversight across jurisdictions remain to be clarified as adoption develops among participating institutions.