IBM Links Digital Asset Haven to Swift Blockchain Ledger

IBM has connected its Digital Asset Haven platform to Swift's blockchain-based shared ledger, allowing clients to instruct tokenized deposit transactions through the ledger using standard payment messages. The new beta ISO 20022 messaging adapter enables banks to build on existing payment message formats and operational processes rather than blockchain-specific workflows.

Financial institutions participating in Swift's program have already tested tokenized deposits on the ledger using Digital Asset Haven, which supports bank-issued tokenized deposits and allows for 24/7 movement of digital assets. The final settlement takes place through existing systems.

IBM is also extending Digital Asset Haven to an on-premises beta deployment for clients, allowing them to manage digital assets such as stablecoins and tokenized deposits without relying on public cloud infrastructure. The platform remains entirely inside the client's own environment, with IBM Crypto Express hardware security modules protecting the keys.

Tom McPherson, general manager of IBM Z and LinuxONE, stated that 'the financial services industry is entering a new era where tokenized and traditional assets will need to move side by side.' By connecting to Swift's shared ledger and extending Digital Asset Haven to on-premises environments, IBM is helping clients participate in emerging digital asset networks while prioritizing control of their most critical financial operations.