SWIFT partners with crypto data provider Chainlink

SWIFT, the interbank messaging system that allows for cross-border payments, is working with Chainlink, a provider of price feeds and other data to blockchains, on a cross-chain interoperability protocol (CCIP) in an initial proof-of-concept.

CCIP will enable SWIFT messages to instruct on-chain token transfers, helping the interbank network to be able to communicate across all blockchain environments. This will help accelerate the adoption of distributed ledger technology (DLT) blockchains and benefit various institutions across capital markets.