IBM and Swift: integrated tokenized deposits and on‑premises offering

IBM announced that its Digital Asset Haven platform can now connect to Swift’s blockchain-based shared ledger, enabling banks to instruct and move tokenized deposit transactions around the clock. The integration uses a beta ISO 20022 Messaging Adapter so institutions can use familiar bank message formats rather than building separate blockchain-specific workflows. Swift’s ledger runs on an EVM‑compatible architecture and records interbank payment commitments while final settlement can continue via existing banking rails such as RTGS, correspondent banking or agreed mechanisms.

Alongside the Swift connection, IBM opened an on‑premises beta for deployments on IBM Z and IBM LinuxONE, letting regulated institutions keep software and key management inside their own data centers rather than using public cloud. IBM highlights HSM security, cold‑storage signing orchestration, structured key ceremonies and the platform’s support for stablecoins and tokenized deposits. IBM cited an internal availability projection of 99.999999% for qualifying configurations. Seventeen banks are piloting Swift tokenized deposits, Taurus and custody providers have integrated with the Swift infrastructure, and Swift plans further implementation discussion at Sibos 2026.