SWIFT, Chainlink Labs reveal work on cross-chain proof-of-concept

Quick Take

  • Interbank messaging service SWIFT has linked up with Chainlink Labs on a cross-chain interoperability proof-of-concept project.

Interbank messaging service SWIFT has linked up with Chainlink Labs on a cross-chain interoperability proof-of-concept project.

The proof-of-concept involves Chainlink's Cross-Chain Interoperability Protocol, which allows for token transfers across blockchains as well as the development of cross-chain applications. 

The tie-up was announced during an event in New York on Wednesday. During the panel, Chainlink co-founder and Sergey Nazarov and SWIFT strategy director Jonathan Ehrenfeld Solé framed the project with a focus on the difficulties in bridging the worlds of traditional and decentralized finance. 

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy