IBM connects Digital Asset Haven to Swift blockchain ledger for tokenized deposit transactions
IBM said it has connected Digital Asset Haven to Swift’s blockchain-based shared ledger in a beta offering announced on Sept. 24. The setup lets participating institutions use the payment-message standard they already use to instruct tokenized-deposit transactions, and IBM also added an on-premises beta for banks managing tokenized deposits and stablecoins.
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Banks and other participating institutions are the ones that would notice this first, because IBM said they can now use Digital Asset Haven with Swift’s shared ledger in beta. For them, the new setup is something they can connect to and use for tokenized-deposit instructions rather than a separate process, and it is framed as available to clients of the platform.
What changes in practice is the path for tokenized-deposit transactions: IBM linked Digital Asset Haven to Swift’s blockchain ledger, and it also added an on-premises beta for banks handling tokenized deposits and stablecoins. What stays the same is that the institutions use the payment-message standard they already use, so the transaction instruction format is not being replaced.
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