Oracle Joins Swift Blockchain Ledger to Link Bank Tokenized Deposits
Oracle is integrating with Swift's blockchain ledger to connect tokenized deposit systems across financial institutions, expanding cross-border digital payment capabilities.
Oracle announced at the Sibos financial services conference in Miami that it is integrating with Swift's blockchain ledger, a move designed to help banks connect their existing payment infrastructure to a broader global digital payments ecosystem built on tokenized deposits.
The integration allows financial institutions to link legacy payment systems to cross-bank digital payment networks while retaining control over their own tokenized deposit infrastructure, according to the announcement. The arrangement is structured so that each institution manages its own digital asset layer rather than ceding oversight to a centralized third party.
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Tokenized deposits — digital representations of traditional bank deposits recorded on a distributed ledger — have emerged as a leading mechanism for institutions seeking to modernize settlement and cross-border payment rails without abandoning existing regulatory frameworks. Oracle's connection to Swift's ledger positions the technology giant as a key infrastructure provider in that transition.
The collaboration surfaces at a moment when major financial networks are accelerating efforts to standardize interoperability between tokenized asset platforms. Swift, which underpins trillions of dollars in global messaging between banks, has been actively piloting blockchain-based settlement experiments with institutional partners across multiple continents.
The announcement signals growing momentum among enterprise technology vendors to embed themselves in the evolving tokenized finance stack. Continue reading at Cryptocurrency.
