Chainlink & Swift: Banking on Blockchain? 😱💸

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Okay, so Chainlink just did the unthinkable: they made Swift and banks get along? Who knew legacy systems could learn new tricks without a meltdown? 🤯

Chainlink’s “Chainlink Runtime Environment” (aka CRE) is now playing nice with Swift’s messaging. Basically, banks can now use their ancient, dusty infrastructure to talk to blockchains. It’s like giving your grandma a smartphone but telling her it’s “just like the rotary phone.” 📱🚀

This builds on Project Guardian, a 2024 experiment with UBS Tokenize and Singapore’s MAS. Spoiler: They tokenized funds and realized blockchain might not be the apocalypse after all. Or maybe they just wanted to tokenize grandma’s cookie jar. 🍪🧸

Using Swift’s ISO 20022 messages for fund subscriptions and redemptions? Classic! Because nothing says “innovation” like replacing 10 intermediaries with one blockchain and a bunch of reconciliation steps. 🧾➡️🫡

“Interoperability unlock” – because nothing says “last-mile connectivity” like making banks feel like they’re still in charge. 🧙‍♂️✨

McKinsey says $147 trillion in assets under management by June 2025. Wow, that’s a lot of zeros. Must’ve been a typo… or maybe a lottery win. 🎉💰

Swift, the Belgium-based cooperative from the 70s, is now the cool kid on the block. Or at least the banker who finally learned how to send a text. 🏛️📲

SWIFT’s Evolution: From Fax Machines to Blockchain 🕰️🚀

Since 2023, Swift and Chainlink have been testing how to let banks use one app to connect to all blockchains. It’s like giving a single remote to someone who owns 50 TVs. 📺🌀

In 2024, Swift joined Project Agorá with 41 banks to figure out tokenized deposits and CBDCs. Because nothing says “future of finance” like a group chat named after a Greek philosopher. 🏛️📜

Swift’s blockchain “state machine” is either genius or a midlife crisis. Either way, it’s running ISO 20022 messages on blockchains or centralized platforms. Like tech soup. 🍲

And now, Swift is teaming up with Consensys and 30+ institutions for real-time cross-border payments. Because nothing says “global” like a system that works 24/7. 🌍✨

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2025-09-30 23:21