The Society for Worldwide Interbank Financial Telecommunications (SWIFT) has announced a successful integration with Chainlink (LINK). The international entity has been experimenting with both private and public blockchain networks, and has now revealed the progress of its efforts.SWIFT claims that its infrastructure can “seamlessly” integrate with blockchain technology to enable users to transfer “tokenized value” across multiple networks. This process is intended to allow its users to easily trade tokenized assets without the need for a third party to intermediate the transaction or verify the value of the underlying asset.A poll conducted by the financial institution indicates that over 97% of institutional investors believe that tokenization of real-world assets has the potential to “revolutionize asset management and be a positive force in the industry.”Major financial institutions worldwide participated in the experiments, including BNY Mellon, Citi, Euroclear, Lloyds Banking Group, SIX Digital Exchange (SDX), etc. The experiments sought to create an “enterprise abstraction layer” to connect the international payment rails with the Ethereum blockchain, leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP).SWIFT will continue to work with the financial community to understand the most concrete use cases for tokenized asset adoption and prioritize its efforts accordingly. It is anticipated that the most compelling case, in the near term, will be in the secondary trading of non-listed assets and private markets.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	8
People	SIX Digital Exchange, BNY Mellon, Euroclear, Lloyds Banking Group, Citi
Companies	BNY Mellon, Society for Worldwide Interbank Financial Telecommunications (SWIFT), Euroclear, SIX Digital Exchange (SDX), Lloyds Banking Group, Citi
Currencies	Ethereum, US Dollar, Euro, Bitcoin, Chainlink
Securities	None