SWIFT and Chainlink will test the connection of large financial institutions to blockchain networks

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As part of the experiment it is plannedwork out connecting to the blockchain networks of Australia and New Zealand Banking, BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking.

Interbank messaging system SWIFTannounced that blockchain solutions provider Chainlink will help the world's largest financial institutions work out the technical and technological parameters of the connection.

"In a highly fragmented ecosystemIt is not practical for financial institutions to connect to each blockchain platform individually. SWIFT plans to develop a unified interoperability model that will provide access to various blockchain platforms around the world,” promised SWIFT Chief Innovation Officer Tom Zschach.

As part of the technical experiment, it is planneddetermine: the extent to which large institutions are able to support and use the SWIFT infrastructure to manage the transfer of tokenized assets across various blockchains.

Chainlink will test the ability to connect experiment participants to public and private blockchains.

Earlier, the international interbank messaging system SWIFT stated
on the creation of an experimental API-based solution for organizing payments in central bank digital currencies (CBDC), which is already being tested.