IBM has linked 17 banks to the SWIFT ledger, according to CryptoSlate, in a development involving infrastructure for tokenized-deposit instructions. Digital Asset Haven’s ISO 20022 adapter supports the transmission of those instructions, while the final settlement process remains handled by existing systems. The arrangement therefore connects banks to the ledger and enables compatible payment messaging without moving final settlement onto the new infrastructure. CryptoSlate highlighted that cloud-related risk remains an outstanding concern. The report does not indicate that the participating banks have replaced their current settlement systems. The development is relevant to digital-asset market infrastructure because it combines established banking and settlement arrangements with support for tokenized-deposit instructions. No details were provided on the identities of the 17 banks, the assets involved, or any changes to market prices. The report was published by CryptoSlate on Sept. 26, 2026.
