Cosmos Labs announced on September 28 the connectivity between its Tokenization Suite and Swift’s blockchain-based shared ledger. This infrastructure allows banks to operate tokenized deposit ledgers while connecting them to Swift and other networks, without rebuilding their entire core banking systems. The solution is compatible with major banking cores including Fiserv, FIS, Jack Henry, Temenos and Hogan. Oracle and Chainlink have also announced similar integrations with the same ledger, indicating demand for multiple options rather than a single proprietary solution. Tokenized deposits remain liabilities of the issuing banks, fundamentally distinguishing them from stablecoins issued by non-banking companies.
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