Quick Breakdown
- Swift launched a blockchain-based ledger with Chainlink to connect banks to public and private blockchains.
- The system enables secure issuance and settlement of tokenized assets using Swift’s existing infrastructure.
- Successful trials with global banks show cross-chain transfers and onchain settlements are ready for institutional adoption.
Swift has unveiled a major leap into blockchain infrastructure, announcing the launch of a new blockchain-based ledger at the Sibos 2025 conference. The move marks a significant milestone in modernizing global finance, leveraging years of collaboration with Chainlink to bridge traditional financial systems and blockchain networks.
As a landmark moment for the global financial system and blockchain industry alike, Swift announced at Sibos 2025 it is launching a new blockchain-based ledger: https://t.co/lHUHsjoxJE
We congratulate our partner Swift and the broader Swift community on adopting blockchains and… pic.twitter.com/GSqGSYrwGk
— Chainlink (@chainlink) September 29, 2025
Building a bridge between banks and blockchains
Swift’s new ledger builds on nearly a decade of joint development with ,Chainlink, the industry-standard oracle network. Since 2016, the two companies have worked on projects connecting Swift’s messaging standards to smart contracts, enabling trusted financial data to move onchain while triggering offchain payments. Key milestones include the use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to demonstrate token transfers between private and public blockchains, as well as successful trials with global institutions such as UBS, Citi, BNY Mellon, Euroclear, and Franklin Templeton. These pilots showcased how tokenized assets can settle across different networks using Swift’s existing rails, a critical step toward institutional adoption of digital assets.
Accelerating institutional tokenization
By integrating Chainlink’s oracle technology, Swift is providing financial institutions with the tools to issue, transfer, and settle tokenized assets securely. Recent initiatives, including Project Guardian in Singapore, demonstrated the ability to bridge tokenized funds with existing payment systems, allowing fiat settlements while maintaining blockchain-based records. This approach lowers adoption costs and simplifies compliance for major banks exploring tokenized securities and real-world assets.
Swift’s move validates the growing role of blockchain in capital markets, positioning Chainlink as the connective layer between legacy financial infrastructure and onchain innovation.
In a related development, World Chain, the Layer 2 network supporting the World ecosystem and its 35 million users, has also adopted Chainlink’s CCIP and Cross-Chain Token (CCT) standard to enable seamless WLD token transfers between World Chain and Ethereum, further reinforcing Chainlink’s dominance in cross-chain infrastructure.
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