Swift reports results of blockchain interoperability experiments using Chainlink CCIP

Chainlink Labs/Cross-Chain Interoperability Protocol (CCIP)

On 31 August 2023, Swift published results of experiments with more than a dozen financial institutions and Chainlink Labs, showing that its existing messaging infrastructure could move tokenised value across public and private blockchains. Chainlink's CCIP served as the interoperability layer, giving banks one point of integration rather than connections to every chain.

• Participants: Swift and more than a dozen financial institutions tested cross-chain tokenisation.
• Technology: Chainlink CCIP as interoperability layer, connecting multiple public and private blockchains.
• Integration benefit: single point of access for banks instead of connections to each blockchain separately.
• Outcome: demonstrated feasibility of real-world asset tokenisation across heterogeneous blockchain infrastructure.