Oracle Integrates Banking Systems with Swift Blockchain for Tokenized Payments
- Oracle is integrating its banking and blockchain infrastructure with Swift’s shared ledger for tokenized deposits.
- This integration allows banks to connect their own tokenized-deposit systems to cross-bank payment flows while retaining control of the underlying assets.
- Oracle Banking Payments will link digital-asset flows with existing ISO 20022 processing, enabling interoperability between traditional and blockchain-based systems.
- The announcement was made at Sibos in Miami on September 28, offering a new route into tokenized-deposit payments without replacing existing core infrastructure.
Oracle’s integration with Swift’s blockchain ledger aims to facilitate seamless cross-bank payment flows while allowing banks to maintain control over their own tokenized-deposit systems. This development is significant as it provides an alternative approach for financial institutions to handle both ordinary and tokenized payments without overhauling their current infrastructure.
By linking Oracle’s banking systems with Swift’s blockchain ledger, banks can achieve faster settlement times and greater interoperability of digital assets across institutions, enhancing the efficiency of programmable bank money. (Source)
