SWIFT Coalition
Industry Initiatives
Initiative Name
Swift Coalition
Organization
Swift
Type
Lab
Description
The objective is to share a set of principles, requirements, designs and code samples to inform and facilitate collaboration across the industry. The focus is exclusively on interoperability of regulated blockchain networks.
Ecosystem
The first use case will involve the transfer of tokenised assets between two wallets on the same public blockchain network (Ethereum Sepolia testnet). The second involves the transfer of tokenised assets from a public blockchain (Ethereum) to a permissioned blockchain. And a third use case will test the transfer of tokenised assets from Ethereum to another public blockchain. Chainlink will be used as an enterprise abstraction layer to securely connect the Swift network to the Ethereum Sepolia network, while Chainlink’s Cross-Chain Interoperability Protocol (CCIP) will enable complete interoperability between the source and destination blockchains.
Public Participants
Countries: USA, France, Australia, Luxembourg, Belgium, United Kingdom, Switzerland
Organizations: Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear, Lloyds Banking Group, SIX Digital Exchange (SDX) and The Depository Trust & Clearing Corporation (DTCC)
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