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IBM Opens Beta Link Letting Banks Move Tokenized Deposits on Swift Ledger

IBM has opened a beta connection that lets banks instruct transfers of tokenized deposits on Swift’s ledger using their existing payment messages and compliance processes. The link is aimed at enabling 24/7 settlement of tokenized deposits without banks rebuilding their payment and compliance workflows.

Original source

AI take

The significance lies in the interoperability layer, not the tokenization itself: banks can test tokenized deposit settlement without replacing the payment messaging and compliance rails they already run. That lowers the operational barrier for institutions that have been watching tokenized money from the sidelines. The open question is whether this beta becomes a production path or stalls at pilot stage, and whether other ledger and messaging providers respond with competing bridges.

Generated by AI for reference only.

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