Oracle Bolsters SWIFT Blockchain Integration with Quant
Oracle's integration with SWIFT's blockchain shared ledger is a significant development in the financial technology space. This integration enables banks to connect their tokenized deposit systems across institutions, facilitating real-time settlements without replacing existing payment infrastructure.
The Oracle Blockchain Platform and Digital Assets Data Nexus provide a pre-integrated foundation for connecting to SWIFT's ledger, hosting commitment contracts, and supporting event orchestration. This setup also includes EVM-based blockchain infrastructure, custodial wallet capabilities, transaction signing, and smart contract functionality for tokenized deposit operations.
Quant's Overledger operates as an interoperability layer that connects multiple blockchains and legacy financial systems through a single API. Oracle's collaboration with Quant covers interoperability, digital assets, tokenized deposits, stablecoins, and programmable payments, placing Overledger adjacent to Oracle's financial services stack.