SWIFT, the interbank messaging system that enables cross-border payments, is collaborating with Chainlink, a crypto data company that offers price feeds and other information to blockchains, on a cross-chain interoperability protocol (CCIP) to iron-out an initial proof-of-concept. With CCIP, the interbank network will be able to interact across all blockchain systems, which will make it possible for SWIFT messages to specify on-chain token transfers. This will facilitate the implementation of blockchain-based distributed ledger technology (DLT) and benefit a number of institutions operating in the capital markets.
SWIFT Partners With Crypto Data Provider Chainlink on Cross-Chain Protocol in TradFi Play
