IBM links Haven to SWIFT ledger as on-premises beta avoids cloud dependency

IBM announced a September 24 beta connection between Digital Asset Haven and SWIFT's shared ledger for tokenized deposits. SWIFT said 17 banks were preparing to pilot live tokenized-deposit transactions in a controlled rollout. The ISO 20022 Messaging Adapter maps payment instructions to transactions on SWIFT's permissioned ledger. The adapter lets institutions use standard payment messages to test transfers of bank-issued tokenized deposits. IBM said institutions already participating in SWIFT's program had tested tokenized deposits on the shared ledger with Haven. Digital Asset Haven provides wallets, key management, transaction signing, and policy controls for regulated organizations. The adapter works with Haven's controls and Hyperledger Besu connectivity. IBM said participating clients can move digital assets through the ledger around the clock. Final settlement still uses existing mechanisms, including real-time gross settlement systems. A tokenized-deposit transfer can move ahead of the final settlement step. IBM also announced a separate on-premises beta for clients that want to run Haven inside their own data centers. The option runs on IBM Z and LinuxONE without a public-cloud dependency. IBM said the solution layer and key-management layer remain inside the client's environment. IBM said the on-premises option uses the same architecture, application programming interfaces, and workflows as Haven's software-as-a-service and hybrid deployments. Tom McPherson, general manager of IBM Z and LinuxONE, framed the expansion as a way for regulated institutions to join emerging digital-asset networks while retaining control of critical operations.