Swift and Chainlink have successfully completed a major interoperability trial, enabling tokenized bond transactions across blockchain networks and traditional financial systems. The initiative, involving major European banks such as BNP Paribas Securities Services, Intesa Sanpaolo, and Société Générale FORGE, aims to standardize digital asset processing using existing financial infrastructure. This trial demonstrated how Swift can coordinate tokenized bond transactions across multiple environments, including blockchain networks and established enterprise systems, without requiring institutions to replace their current systems.
The trial also introduced a system to standardize corporate actions data, utilizing Chainlink's Runtime Environment to validate outputs from AI models. These results were converted into ISO 20022 messages and transmitted via the Swift network, ensuring nearly 100% data accuracy. Additionally, Chainlink expanded its role in identity and compliance systems, partnering with the Global Legal Entity Identifier Foundation to introduce verifiable identity tools for blockchain use. This development allows institutions to verify asset origin and enforce regulatory requirements programmatically, demonstrating the potential for seamless cross-chain asset transactions.
Swift and Chainlink Enable Cross-Chain Tokenized Bond Transactions
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