IBM Bolsters Digital Asset Haven with Tokenized Deposit Link and On-Premises Option
IBM has added two key features to its Digital Asset Haven platform for managing and securing digital assets. The company announced that it now offers a beta Swift ledger link for 24/7 tokenized deposits and a beta option for banks to run IBM's digital asset platform in their own data centers.
The new additions allow financial institutions participating in Swift's program to test tokenized deposits on the ledger using IBM's Digital Asset Haven. The platform now includes a messaging adapter that lets institutions instruct tokenized deposit transactions using ISO 20022, the global standard for financial messaging.
This means banks can use existing payment formats and compliance processes instead of building blockchain-specific workflows.
According to Tom McPherson, general manager of IBM Z and LinuxONE, 'The financial services industry is entering a new era where tokenized and traditional assets will need to move side by side.'