According to CryptoPotato, global financial messaging network Swift has announced the successful facilitation of various blockchain interoperability tests with multiple financial institutions, including Citi, SIX Digital Exchange (SDX), BNP Paribas, and BNY Mellon. Swift utilized Chainlink's Cross-Chain Interoperability Protocol (CCIP) for these tests, which are part of the company's broader strategy to ensure secure, global interoperability as new technologies and platforms emerge. The tests build on previous work to demonstrate how Swift's infrastructure could support the financial community in interconnecting Central Bank Digital Currencies (CBDCs) and other digital assets with new and existing payment systems.
The development follows Chainlink and Swift's announcement in June that they would collaborate with numerous financial institutions to assess the feasibility of integrating with diverse blockchain networks. Tom Zschach, Swift's Chief Innovation Officer, commented on the latest development, stating that interoperability is at the core of Swift's efforts to facilitate the seamless flow of value across the world in the face of increasing fragmentation. He added that the experiments have shown that the existing Swift infrastructure can provide a central point of connectivity, eliminating a significant obstacle in the development of tokenization.
Chainlink announced the launch of CCIP in July, with the Oracle provider's co-founder and acting CEO Sergey Nazarov noting that the aim is to position the protocol as the new gold standard for cross-chain interoperability.
