LINK News: Chainlink Expands Swift Partnership Into Tokenized Securities

Chainlink has expanded its partnership with Swift by demonstrating an automated cash-dividend system for tokenized equities across four distinct blockchains. Utilizing the Chainlink Runtime Environment (CRE), the system maintains compatibility with ISO 20022 messaging standards to ensure seamless integration with existing financial infrastructure. The solution creates a single canonical ownership record, effectively preventing double-counting of shares that exist across multiple networks. An integrated Automated Compliance Engine performs real-time identity, sanctions, and tax checks before executing payments. Payouts are facilitated through stablecoins, tokenized deposits, or CBDCs, with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) managing settlement across chains. This development marks a significant shift toward making tokenized stocks function with the same operational efficiency as conventional securities. By automating complex corporate actions like dividends and redemptions, the collaboration addresses critical interoperability challenges for institutional adoption of tokenized assets.