Chainlink Connects Banks to Swift Ledger in Blockchain Milestone

Chainlink has announced that banks can connect their systems to Swift's blockchain ledger through its platform. This interface between the payments network and a blockchain register is significant because it shows how seriously traditional institutions are taking blockchain technology.

The connection is made possible by Chainlink's Runtime Environment, which orchestrates the sequence of work steps between different systems, including checking funds in core banking systems, obtaining approval, and writing transactions into the shared register. The key benefit for banks is that they can retain their existing security and approval procedures while still using the blockchain ledger.

The announcement has sparked interest among investors, with the price of LINK tokens rising by 15% to around $15 on September 29, 2026. This increase follows a pattern in which banking announcements have historically driven up the price of LINK tokens.