IBM Links Digital Asset Haven to Swift's Blockchain Ledger
International Business Machines (IBM) has expanded its digital asset infrastructure strategy by connecting its IBM Digital Asset Haven platform to Swift's blockchain-based shared ledger. This integration, currently in beta, allows institutions using Digital Asset Haven to process tokenized deposit transactions through Swift's shared ledger using standard ISO 20022 messaging.
The connection is designed to simplify the interaction between conventional financial infrastructure and blockchain-based assets for banks and other financial organizations. It also addresses a key challenge facing institutional adoption: connecting emerging digital asset infrastructure with established payment and messaging systems.
Swift operates a global financial messaging network connecting over 12,500 institutions across more than 200 markets. Its shared-ledger initiative is being tested as financial institutions examine how tokenized deposits could support faster and more programmable forms of settlement.