Chainlink Links Banks to Swift's Blockchain Ledger for Global Payments

Chainlink is partnering with Swift to enable banks to connect their existing systems to Swift's blockchain ledger for seamless 24/7 cross-border payments.

The Chainlink Runtime Environment (CRE) will coordinate workflows between financial institutions and Swift's ledger, allowing banks to retain control of their transaction-signing keys.

Swift's ledger is designed to support 24/7 cross-border payments using tokenized bank deposits, with 17 financial institutions preparing to pilot live transactions.