Swift, Chainlink Tokenization Experiment Successfully Transfers Value Across Multiple Blockchains

Swift and Chainlink have successfully transferred tokenized value across multiple private and public blockchains, which has the potential to remove barriers and enable the global scaling of tokenized asset markets, according to a press release.

coindesk.com

Relevant topic timeline:

8/31/2023

SWIFT says blockchain integration ‘more plausible’ than unifying CBDCs

SWIFT suggests that interlinking existing systems with blockchains is a more viable solution for short-term market development than combining central bank digital currencies and tokenized assets in a single ledger.

9/17/2023

Chainlink Transfers $119M in LINK Tokens, Sparking Price and Circulating Supply Concerns Despite Key Partnerships

Chainlink's LINK tokens have seen significant movements in the market, particularly with transfers from notable Chainlink wallets injecting a substantial number of tokens into various platforms, raising concerns about the asset's stability and future price trajectory.

9/18/2023

Chainlink Price Jumps Over 10% as LINK Expands DeFi Presence with SWIFT and Banks

Chainlink's LINK token has surged over 10% due to partnerships with traditional financial institutions, including a deal with SWIFT to scale tokenized asset adoption and a collaboration with Depository Trust and Clearing Corporation (DTCC) on Swift's Blockchain interoperability project, as well as ANZ's use of Chainlink's Cross-Chain Interoperability Protocol (CCIP) to complete a cross-chain purchase of tokenized assets with its stablecoin, A$DC.