Oracle Links Banks to SWIFT Blockchain Ledger

Oracle has announced an integration that will connect banks to SWIFT's blockchain-based ledger.

Seventeen banks from six continents are participating in a pilot program to test tokenized deposit transactions using this new system.

The goal of the new system is to facilitate faster, around-the-clock cross-border payments with lower liquidity demands.

This development comes as banks explore both Ripple-based solutions centered on XRP and the SWIFT-backed blockchain infrastructure.