Chainlink Powers Swift's Blockchain Ledger Unveiled at Sibos 2025

Details

• At Sibos 2025 in Frankfurt, Swift unveiled its blockchain-based shared ledger for real-time, around-the-clock cross-border payments.
• Chainlink, Swift’s key oracle partner for more than seven years, will deliver the critical connectivity infrastructure, allowing banks to interact with various blockchain networks through familiar Swift standards.
• This new initiative utilizes Chainlink’s Cross-Chain Interoperability Protocol and oracle solutions to support tokenized asset transfers, smart contract execution, and seamless connectivity between traditional financial systems and blockchain platforms.
• The collaboration began in 2016 and has grown from initial proofs of concept to high-profile demonstrations with institutions like UBS, Euroclear, Franklin Templeton, and Wellington Management, culminating in the decision to build a full-scale blockchain-based production system.
• More than 30 global banks—including JPMorgan, HSBC, Bank of America, and Deutsche Bank—are participating in the project, which integrates Consensys’ blockchain technology with Chainlink’s services.

Impact

Swift’s move marks a watershed moment for blockchain adoption in global finance, cementing Chainlink as a vital conduit between legacy banking and digital assets. This initiative accelerates the trend toward tokenization and is likely to intensify competition in cross-border payments and blockchain infrastructure over the coming years.