IBM connects Digital Asset Haven to Swift's blockchain ledger

IBM is connecting its Digital Asset Haven platform to Swift's blockchain ledger, letting banks settle tokenized deposit transactions around the clock. The integration gives financial institutions a 24/7 settlement rail for tokenized deposits through IBM's asset-services infrastructure.

• Connects IBM's Digital Asset Haven to Swift's Digital Ledger for tokenized-deposit settlement.
• Adds another live use of a blockchain ledger for cross-border bank settlement.

The move follows Swift's first confirmed live blockchain-ledger transfers by HSBC, Standard Chartered, Citi and DBS as the network races to prove its tokenized-settlement rails.