Cosmos Builds Bank Connectivity Into Swift’s Blockchain Ledger

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Cosmos Labs has announced connectivity between its Tokenization Suite and Swift’s blockchain-based shared ledger. Banks can use Cosmos infrastructure to run tokenized-deposit ledgers and connect them with Swift and other networks. The system is designed to work with existing banking cores including Fiserv, FIS, Jack Henry, Temenos and Hogan. Cosmos Labs is joining the race to connect traditional bank infrastructure with Swift’s blockchain ledger. The company announced on September 28 that its Tokenization Suite can provide financial institutions with a route between their internal banking systems, tokenized deposits and Swift’s shared ledger. The objective is straightforward: let banks use blockchain settlement without rebuilding their entire core. Existing Bank Ledgers Can Stay In Place Cosmos says its infrastructure can synchronize with common banking-core systems including Fiserv, FIS, Jack Henry, Temenos and Hogan. A bank can then operate its own tokenized-deposit ledger while connecting that system to external networks. Those connections can include Swift’s ledger, Canton,...