- Financial institutions gain blockchain access via SWIFT and Chainlink partnership.
- Uses existing infrastructure for blockchain entry.
- 24 major institutions involved, including UBS.
Chainlink and SWIFT, alongside UBS and other institutions, have launched a blockchain solution to connect traditional finance systems with blockchain networks. This utilizes SWIFT messaging and Chainlinkโs Cross-Chain Interoperability Protocol, enabling access to various blockchain environments.
At Sibos 2025, Chainlink and SWIFT announced a collaboration with UBS and 24 other institutions to launch a blockchain-based solution, allowing global banks to access public and private blockchains using the existing financial infrastructure.
The introduction of this blockchain-based solution aims to bridge the gap between traditional banking and blockchain technology, facilitating a smoother integration process for financial institutions worldwide.
Chainlink and SWIFT, in partnership with UBS and 24 major banks, are launching a blockchain-based solution at Sibos 2025. This initiative allows financial bodies to connect to blockchains using existing infrastructure and standards.
Utilizing Chainlinkโs Cross-Chain Interoperability Protocol combined with SWIFT messaging, traditional banks can seamlessly integrate blockchain technologies. Sergey Nazarov and Tom Zschach have been pivotal in driving this initiative forward.
The solutionโs introduction impacts global financial models by enhancing connectivity and efficiency in processing tokenized funds. The market could see a boost in blockchain-based transactions among major institutions.
This innovation could reshape the financial industryโs approach to blockchain, encouraging the adoption of DeFi solutions. The integration of these technologies could influence institutional roles in tokenized asset flow.
The projectโs success may establish blockchainโs role in mainstream financial operations, accelerating innovation and adoption. This integration represents a significant step in aligning blockchain with existing financial frameworks, enhancing efficiency.
โOver more than seven years, Chainlink and Swift have collaborated across numerous initiatives, all with a common theme of enabling financial institutions to connect to blockchain networks using their existing infrastructure and messaging standards.โ โ Sergey Nazarov, Co-Founder, Chainlink
Potential outcomes of this collaboration include increased institutional activity in DeFi, leveraging the blockchainโs transparency and efficiency. As this solution progresses, it could set benchmarks for regulatory measures and technological advancements in financial markets.
About the author
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