IBM Connects Digital Asset Haven to Swift Ledger
IBM connects tokenized deposits to Swift’s ISO 20022 messages, while the on-premises beta gives banks more control over stablecoins and keys.
Key Takeaways
- IBM connected Digital Asset Haven to Swift’s blockchain-based shared ledger for tokenized deposit transactions through ISO 20022 messages.
- IBM is expanding Haven with an on-premises beta for IBM Z and IBM LinuxONE, so customers can manage digital assets in their own data centers.
- Swift tested the ledger with more than 40 financial institutions; 17 parties are taking part in a pilot for tokenized deposits.
IBM has connected Digital Asset Haven to Swift’s blockchain-based shared ledger, allowing institutions to instruct tokenized deposit transactions with standard ISO 20022 messages. At the same time, IBM is expanding the platform with an on-premises beta, so customers can also manage digital assets in their own data centers without the public cloud.
Swift and IBM Test Together
The new beta messaging adapter lets banks and other institutions use existing payment messages to direct transactions on the ledger. According to IBM, financial institutions taking part in Swift’s program have already tested tokenized deposits on the ledger through Digital Asset Haven.
Swift previously presented the ledger at Sibos 2025, based on a prototype developed together with Consensys. More than 40 financial institutions helped design it, and 17 parties are taking part in a pilot for tokenized deposits. Swift connects more than 12,500 financial institutions across more than 200 markets worldwide.
Haven Gets On-Premises Beta
IBM is also making Digital Asset Haven available as an on-premises beta for IBM Z and IBM LinuxONE. That lets customers manage stablecoins and tokenized deposits within their own environment, while IBM Crypto Express hardware security modules protect the keys.
The setup matters for parties with strict compliance requirements, because they become less dependent on public cloud infrastructure. IBM says the on-premises version uses the same architecture, APIs, and workflows as Haven’s SaaS and hybrid versions.
Why This Matters
For European banks and other regulated parties, this shows how tokenized deposits are being built closer to existing payment processes. That can lower the barrier for institutions that want to work with blockchain but do not want to give up their current systems and control over keys. IBM positions Digital Asset Haven as a platform for financial institutions, governments, and other organizations that want to manage digital assets at scale. Major Canadian banks are also exploring a shared network for tokenized deposits, which shows that interest in bank deposits on blockchain is growing more broadly.
