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Chainlink (LINK) Teams up With Swift and 12 Big Banks for Blockchain Testing

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.swiftcommunity Chainlink (LINK) announces collaboration with Swift LINK $LINK

The Global Financial Messaging Giant says the experiments were borne out of its quest to explore a potential solution to the challenge of blockchain interoperability, which creates significant overhead and friction in managing and trading assets on them.

The experiments will test how firms can leverage their existing Swift infrastructure to efficiently instruct the transfer of tokenized value over a range of public and private blockchain networks.

 

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Swift and Chainlink Will Test Connecting Over a Dozen Financial Institutions to Blockchain NetworksIn a new set of experiments, Swift will collaborate with major financial market institutions like Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking Group.
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