IBM Integrates Digital Asset Haven with Swift Ledger for 24/7 Tokenized Cash

IBM has integrated its Digital Asset Haven platform with Swift's blockchain-based ledger. The new integration allows banks to move deposits 24/7 using regular ISO 20022 messages.

The connection joins IBM Digital Asset Haven, a custody and tokenization system for institutions, with Swift's shared ledger built on a Consensys prototype to form the IBM Swift ledger.

It works as a coordination and synchronized record layer for Swift's network of over 12,500 institutions in more than 200 jurisdictions. The ISO 20022 adapter allows banks to start, track, and check deposits using familiar formats.

This shows tokenized deposits are commercial bank money in new form, different from stablecoins like USDC, USDT, and PYUSD that represent claims on non-bank issuers.