Oracle announced the integration of its banking and blockchain infrastructure with the Swift shared ledger for tokenized deposits on September 28. This will enable financial institutions to connect their tokenized deposit systems to interbank payments while maintaining control over their assets. The Oracle Banking Payments solution will merge digital asset flows with existing ISO 20022 processing.
The integration will create a bridge between the systems that banks already use to move funds and the Swift blockchain ledger. This connection is designed to handle both traditional and tokenized deposit payments through a single operational model. The Oracle blockchain platform can host the smart contracts necessary to interact with the Swift ledger, while the Digital Assets Data Nexus will provide the relevant infrastructure for digital assets.
It is important to note that the Swift shared ledger is not intended as a single banking balance sheet; each institution retains its own tokenized deposit infrastructure. This means that payment obligation coordination will be possible between institutions, allowing digital representations of commercial bank money to operate outside of the bank. In this context, Oracle emphasizes that banks remain in control of their tokenized deposit systems and do not transfer that control to Swift. Given the banking sector participants, this move by Oracle highlights banks' desire not to wait for the emergence of stablecoins but to make regulated bank currency programmable and interoperable now. The organization stresses that its role is not in issuing money but in ensuring the interaction of old and new systems.
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