Swift, the world’s leading provider of secure financial messaging services, has announced the completion of a landmark interoperability trial with BNP Paribas, Intesa Sanpaolo, and Societe Generale – FORGE. The collaboration established the seamless exchange and settlement of tokenized bonds with support for payments in both fiat and digital currencies.
This breakthrough builds on Swift’s work to advance digital asset interoperability by combining its public key infrastructure and messaging standard with smart contracts on different blockchains through Chainlink’s decentralized oracle network.
In 2023, Swift demonstrated how global financial institutions can transact with multiple blockchains via Chainlink’s Cross-Chain Interoperability Protocol (CCIP). In 2024, Swift was part of an industry initiative to combine Chainlink oracles and large language models to structure and standardize corporate actions data onchain.
Most recently, Swift, Chainlink, and UBS Asset Management, one of world’s largest private banks with over $6 trillion in assets under management, completed an innovative pilot for settling tokenized fund subscriptions and redemptions with fiat payment systems across more than 11,500 financial institutions in 200 countries.
This model evolved in 2025, by using the Chainlink Runtime Environment (CRE) to simplify how institutions use Swift messages to trigger a broader set of onchain events, as well as Chainlink’s Digital Transfer Agent (DTA) technical standard, which defines how transfer agents and fund administrators can support tokenized assets within existing regulatory frameworks.
The latest initiative with BNP Paribas, Intesa Sanpaolo, and Societe Generale demonstrates Swift’s ability to orchestrate tokenized asset transactions as a single, coordinated process across blockchain platforms and traditional systems. Establishing how tokenized bonds can leverage existing infrastructure while shielding institutions from blockchain complexity will ultimately advance institutional digital asset adoption.
“By proving that Swift can orchestrate multi-platform tokenised asset transactions, we’re paving the way for our members to adopt digital assets with confidence, and at scale,” said Swift’s Tokenised Assets Product Lead, Thomas Dugauquier, in an official announcement.
“It’s about creating a bridge between traditional finance and emerging technologies.”
Swift’s next focus is augmenting its technology infrastructure with a blockchain-based ledger that enables real-time, 24/7 cross-border payments in collaboration with more than 30 banks worldwide.