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SWIFT Ledger Gets IBM Digital Asset Haven Boost, Cloud Risks Linger
IBM has linked its Digital Asset Haven platform to SWIFT's shared ledger for tokenized deposits, but the cloud risk persists.
The connection uses an ISO 20022 messaging adapter that lets participating institutions instruct ledger transactions through standard payment messages.
This brings IBM's digital-asset platform into an existing SWIFT program while allowing banks to work with familiar formats and compliance processes.
Participating clients can move tokenized deposits around the clock ahead of final settlement, which still uses existing mechanisms such as real-time gross settlement systems.