IBM Integrates Financial Institutions with Swift’s Blockchain Ledger for Tokenized Deposits

IBM has launched a beta integration for its Digital Asset Haven platform, enabling financial institutions to connect to Swift’s blockchain-based shared ledger. The system allows banks to process tokenized-deposit transactions using existing ISO 20022 payment messaging standards, bypassing the need for blockchain-specific interfaces. Currently, 17 institutions are testing the model. Additionally, IBM is introducing an on-premises version of Digital Asset Haven for deployment within private data centers using IBM Z and LinuxONE infrastructure to enhance regulatory control.