SWIFT's strategy director said the “undeniable interest” for digital assets from institutional investors was a reason for partnering with Chainlink — giving TradFi firms the ability to transfer tokens across multiple chains.
The SWIFT interbank messaging system is the most widely used platform for traditional cross-border fiat transactions, connecting over 11,000 banks around the world. In August the system recorded an average of 44.8 million messages per day.
and central bank digital currencies to facilitate faster payments.without replacing, developing, and integrating new connectivity into legacy systems, something it said would require substantial modifications with an “exceptionally high” cost.
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