Chainlink Enables Financial Institutions to Connect to Swift Blockchain Ledger
Chainlink (LINK) is assisting financial institutions in connecting their systems and key-signing infrastructure to the Swift blockchain ledger via its Chainlink Runtime Environment (CRE). This allows banks to maintain control over transaction authorization keys while utilizing 24/7 tokenized payment workflows. The Swift ledger coordinates interbank fund transfers through tokenized deposits, with final settlement occurring via existing mechanisms like Real-Time Gross Settlement (RTGS) systems.
Summaries are written by AI from the original article. Not investment advice.