Chainlink Unveils Connectivity Framework for SWIFT Ledger Pilots

Chainlink has introduced a connectivity framework enabling banks to integrate with the SWIFT blockchain ledger while maintaining control over their transaction signing keys. The framework utilizes the Chainlink Runtime Environment to coordinate institutional systems with the ledger, allowing for self-signed transactions without transferring authorization keys. Seventeen global banks, including ANZ, HSBC, Citi, Standard Chartered, and UBS, are preparing to pilot tokenized deposit payments on the SWIFT ledger, which supports 24/7 operations with final settlement via existing real-time gross settlement mechanisms.