Chainlink And Swift Collaborate On Blockchain Payment Solution

According to PANews, decentralized oracle provider Chainlink is set to introduce a new blockchain payment solution for financial institutions. Chainlink has partnered with Swift, the global messaging network used by banks and institutions, to demonstrate a new integration that allows institutions to interact with blockchain technology using Swift messages. At the Sibos conference hosted by Swift in Beijing (UTC+8), Chainlink co-founder Sergey Nazarov highlighted the practical value of this integration. He stated, 'We are currently in the pre-production phase, which means we are about to provide you with functionalities that can be truly implemented within your existing institutional systems.' Nazarov further explained that the solution leverages Swift's established messaging standards to execute pre-settlement and transaction confirmations, which are widely used in traditional finance (TradFi). Once confirmations are completed, Chainlink's infrastructure converts these messages into blockchain events, enabling financial institutions to lock assets on-chain and execute payment operations. Additionally, Nazarov introduced the newly launched Blockchain Privacy Manager (BPM). This feature, combined with the new Swift integration, allows financial institutions to conduct sensitive transactions, including private tokenized asset trades and cross-border payments.