IBM Links DAH to Swift Ledger in Beta Rollout

IBM has launched a beta version of its Digital Asset Haven (DAH) connected to the Swift Ledger system. This move allows banks to instruct tokenized-deposit transactions using existing payment messages, while final settlement remains on established banking systems.

The connection between DAH and Swift Ledger is expected to increase efficiency and reduce complexity in tokenized-deposit transactions. Banks can now use their existing payment infrastructure to send instructions for these transactions without the need for new systems or processes.

This development marks a significant step towards mainstream adoption of digital assets by traditional financial institutions.