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Interbank messaging system SWIFT announced that blockchain solutions provider Chainlink will help major global financial institutions work out the technical and technological parameters of the connection.
“In a highly fragmented ecosystem, it is impractical for financial institutions to connect to each blockchain platform individually. SWIFT plans to develop a unified interaction model that will provide access to various blockchain platforms around the world,” promised Tom Zschach, SWIFT’s director of innovation.
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The technical experiment plans to determine: the extent to which large institutions are able to support and use SWIFT’s infrastructure to manage the transfer of tokenized assets across various blockchains.
On Chainlink’s side, the ability to connect experiment participants to public and private blockchains will be tested.
Earlier, the international interbank messaging system SWIFT announced
to create an experimental API-based solution for digital currency settlements central banks (CBDC), which is already being tested.