Swift Successfully Completes Blockchain Interoperability Tests with Chainlink
Global financial messaging network Swift has announced that it has successfully conducted blockchain interoperability tests with financial institutions such as Citi, SIX Digital Exchange (SDX), BNP Paribas, and BNY Mellon. The tests were conducted using Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
Key Points:
- Swift’s experiments with blockchain interoperability are part of its strategy to ensure secure, global interoperability as new technologies emerge.
- The tests demonstrate how Swift’s infrastructure can support the integration of Central Bank Digital Currencies (CBDCs) and other digital assets with existing payment systems.
- The collaboration between Chainlink and Swift aims to assess the feasibility of integrating with diverse blockchain networks.
- Swift’s Chief Innovation Officer, Tom Zschach, believes that interoperability is crucial for the seamless flow of value in the financial ecosystem.
- Chainlink’s CCIP aims to become the industry standard for cross-chain interoperability.
Hot Take: Swift’s successful blockchain interoperability tests with Chainlink’s CCIP mark a significant milestone in the development of tokenization. The experiments have demonstrated that Swift’s existing infrastructure can serve as a central point of connectivity, eliminating a major hurdle for the integration of digital assets and CBDCs. This collaboration paves the way for more efficient and secure global financial transactions in the future.
By
By
By
By