PANews reported on October 23 that according to Cointelegraph, decentralized oracle provider Chainlink will launch a new blockchain payment solution for financial institutions. Chainlink has partnered with Swift, a global messaging network used by banks and institutions, to demonstrate a new integration that enables institutions to interact with blockchain technology using Swift messages.
Speaking at Swift’s Sibos conference in Beijing, Chainlink co-founder Sergey Nazarov highlighted the real-world value of this integration: “We are currently in pre-production, which means we are about to give you some features that can actually be put to use in your existing institutional systems.” He further explained that the solution relies on Swift’s mature messaging standards for pre-settlement and trade confirmations, which are widely used in traditional finance (TradFi). Once confirmed, Chainlink’s infrastructure converts these messages into blockchain events, allowing financial institutions to lock assets on-chain and perform payment operations. In addition, Nasarov also introduced the newly launched Blockchain Privacy Manager (BPM). This feature, combined with Swift’s new integration, allows financial institutions to conduct sensitive transactions, including private tokenized asset transactions and cross-border payments.
