SWIFT has partnered with prominent banks and Chainlink.
This partnership also paves the way for innovative developments in the emerging field of NFTFi.
SWIFT, the worldwide financial messaging service, has partnered with prominent banks and Chainlink, a provider of web3 infrastructure. The objective is to conduct a trial that examines the incorporation of both public and private blockchains in global banking.
With the partnership between the three parties, their objective is to expand upon SWIFT’s previous endeavors in blockchain interoperability, which began in 2022 with exploring private blockchains and tokenized assets within the financial industry. To strengthen this objective, SWIFT has opted to utilize Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
According to Jonathan Ehrenfeld, head of securities strategy at SWIFT, adopting permissioned and public blockchain networks like Ethereum showcases a rising institutional interest in meeting customer requirements. This
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