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SWIFT could soon be opening up with blockchain assets after new deal

Published

3 years ago

September 29, 2022

SWIFT could soon open up even further with blockchain assets

The financial telco is teaming up with the blockchain oracle network, Chainlink.

The pair are working on a proof-of-concept, which would allow SWIFT to allow token transfers across a range of blockchain environments.

The company believes this will give financial institutions the chance to become blockchain-friendly, without higher costs.

It’s not the first time these two firms have worked together. In fact, another proof-of-concept around bond issuance was tested around five years ago.

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Costa Haritos

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.