Oracle links SWIFT blockchain ledger with bank tokenized deposit systems

Oracle has linked its digital asset platform with SWIFT’s blockchain-based shared ledger to connect tokenized deposit systems across banks and integrate them with existing payment infrastructure, Solid Intel reported. According to Oracle, banks retain control over tokenized deposits and wallets while recording interbank payment obligations and transaction statuses in their internal systems, synchronizing that data with the SWIFT ledger, and completing settlement through existing real-time gross settlement systems or correspondent banking networks.