Chainlink Links Financial Institutions to Swift's Blockchain Ledger

Chainlink is working to enable financial institutions to connect their existing systems and transaction-signing infrastructure directly to Swift's blockchain-based ledger through its Chainlink Runtime Environment (CRE).

This integration allows banks to use their existing security and approval processes while connecting to Swift's blockchain infrastructure. CRE handles the workflow coordination, while financial institutions continue to control their transaction-signing keys.

Swift's ledger is designed to coordinate 24/7 cross-border payments using tokenized deposits. The deposits remain on participating banks' own ledgers and represent bank-issued money.

Chainlink announced the initiative on September 28, saying its Chainlink Runtime Environment (CRE) will enable financial institutions to connect to Swift's blockchain ledger while retaining control of their transaction-signing keys.