IBM Unveils Beta Swift Ledger Link for 24/7 Crypto Deposits

IBM has opened up a beta version of its Swift Ledger Link for 24/7 tokenized deposits. This move is part of IBM's efforts to make it easier for financial institutions to handle cryptocurrency transactions.

The Swift Ledger Link is designed to facilitate the exchange and transfer of cryptocurrency between banks, allowing them to operate on a 24-hour basis.

IBM says that this will reduce costs and increase efficiency in the process of tokenized deposits. However, details about the technical implementation and potential benefits are still limited.