IBM opens beta Swift ledger link for 24/7 tokenized deposits
60-second summary
IBM launches a beta Swift ledger link that enables banks to initiate tokenized deposit transfers through existing Swift payment messages and compliance workflows, allowing 24/7 settlement of digital assets. The solution leverages IBM’s blockchain infrastructure to convert fiat deposits into tokenized equivalents, promising faster cross‑border processing and potentially accelerating broader adoption of tokenized finance across the banking industry.
IBM’s beta link lets banks instruct tokenized deposit transfers on Swift’s ledger using existing payment messages and compliance processes.