Oracle, IBM and Cosmos are linking bank systems into Swift’s blockchain ledger for tokenized-deposit payments

What happened

• Specific facts/numbers: Swift said in July 2026 that its blockchain-based ledger was ready for initial use, with 17 banks from six continents preparing to pilot live tokenized-deposit transactions; within the following week, Oracle, IBM and Cosmos each announced integrations or connectivity into that ledger.
• Institutions involved: Swift is the central network operator, with Oracle, IBM and Cosmos as technology vendors building connectivity for banks; Oracle specifically said its integration helps financial institutions connect existing payment systems and institution-controlled tokenized-deposit infrastructures across institutions.
• Regulatory/technical context: Swift’s ledger is positioned as a shared orchestration layer for regulated tokenized value and 24/7 cross-border payments, using tokenized deposits rather than moving money directly; Swift has described the stack as EVM-compatible and based on Hyperledger Besu, while IBM highlighted ISO 20022 messaging support.
• What to watch next: Watch whether additional banks and vendors move from announced integrations into live pilots on Swift’s ledger; beyond the existing 17-bank pilot, no specific next milestone for Oracle, IBM or Cosmos was identified in the read materials.