IBM Integrates with Swift, Expands Digital Banking Infrastructure

IBM has expanded its digital banking infrastructure by integrating with Swift's blockchain-based shared ledger for tokenized deposit transactions and extending IBM Digital Asset Haven to on-premises beta deployment. This move enables financial institutions to connect to permissioned blockchain networks, including Swift's ledger.

The integration allows clients to instruct tokenized deposit transactions using standard ISO 20022 messages through the shared ledger infrastructure, allowing them to build on existing payment message formats and operational processes instead of blockchain-specific workflows.

The new deployment option for IBM Digital Asset Haven enables organizations to manage digital assets such as stablecoins and tokenized deposits entirely within their own environments. This is designed to combine client control with increased performance, speed, and scale for digital asset operations, while prioritizing enterprise-grade security.