IBM integrates with Swift’s blockchain ledger to support tokenized deposit transactions.
29 minutes ago
IBM announced that it has connected its digital asset management platform Digital Asset Haven to Swift’s blockchain-based shared ledger via a new ISO 20022 message adapter, enabling financial institutions to use standard payment messaging instructions for tokenized deposit transactions. IBM noted that financial institutions participating in the Swift project have already tested tokenized deposits on Digital Asset Haven. Swift’s shared ledger supports bank-issued tokenized deposits and allows participating institutions to achieve 24/7 digital asset transfers and final settlement. In addition, IBM has launched a beta version of Digital Asset Haven’s on-premises deployment, which runs on IBM Z and LinuxONE, letting customers manage digital assets such as stablecoins and tokenized deposits without relying on public cloud infrastructure. The key management layer of this version operates entirely in the customer’s own environment, with keys protected by IBM Crypto Express hardware security modules. Swift first unveiled its blockchain shared ledger at the 2025 Sibos conference; over 40 financial institutions are currently involved in its design, while 17 institutions are participating in the tokenized deposit pilot.
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