Swift and Chainlink are teaming up with several major financial institutions, including ANZ, BNP Paribas, and Citi, to test how they can use Swift's infrastructure to transfer tokenized assets across multiple blockchain networks. Chainlink will provide connectivity across both public and private blockchains for these experiments.

This collaboration represents an important move for financial institutions and a significant step for the crypto industry, according to Chainlink's co-founder Sergey Nazarov. The goal is to generate efficiencies, reduce costs, and attract more investors into the private markets, as well as increase liquidity.