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IBM Integrates with Swift, Boosting Digital Banking Capabilities
IBM has strengthened its position in digital banking infrastructure by enabling its Digital Asset Haven clients to connect with Swift's blockchain-based shared ledger.
The company is introducing an on-premises beta deployment that gives financial institutions and other regulated organizations greater control over their digital asset operations.
Under the beta offering, IBM Digital Asset Haven's ISO 20022 Messaging Adapter allows financial institutions to process tokenized deposit transactions using standard ISO 20022 messages.
The solution helps banks use existing payment formats and compliance processes while connecting to permissioned blockchain networks.