IBM Digital Asset Haven connects to Swift's blockchain ledger for tokenized deposits
In brief
- IBM Digital Asset Haven launched October 27, 2025, as an API-driven institutional blockchain wallet and transaction management platform
- Swift's shared ledger went live July 9, 2026, with 17 banks piloting tokenized deposits—digital representations of commercial bank money
- DBS, OCBC, and UOB executed first production SGD tokenized deposit transactions on Swift's ledger in September 2026
- Tokenized deposits settle in real time on the ledger through traditional payment systems
IBM's Platform and Swift's Ledger
IBM Digital Asset Haven was built in partnership with Dfns, a wallet infrastructure provider that has created over 15 million wallets for more than 250 clients. The platform manages wallets and enforces governance policies across more than 40 public and private blockchains. Swift's shared ledger arrived later, launching on July 9, 2026, with 17 banks participating in the pilot phase.
The ledger was designed specifically for tokenized deposits—digital representations of commercial bank money that represent bank liabilities. In September 2026, three major Singapore banks—DBS, OCBC, and UOB—executed the first domestic SGD tokenized deposit transactions on Swift's shared ledger in production.
How the Integration Works
The connection between Haven and Swift's ledger simplifies institutional access. Clients can now instruct tokenized deposit transactions directly through Haven's API without separate integrations. The tokens move in real time on the ledger, but the underlying money settles through existing traditional payment systems—preserving the role of banks' settlement infrastructure while enabling faster token-level transfers.
This design matters. It doesn't replace banking plumbing; it runs alongside it. The real-time token movement creates efficiency gains for institutional clients while the settlement layer keeps the system grounded in the existing financial rails that regulators and banks already understand.
Security and Institutional Trust
Security sits at the core of Haven's architecture. The platform uses multi-party computation, hardware security modules, and confidential computing to protect institutional assets and transactions. These measures align with the trust requirements of banks and large institutional clients who've been cautious about blockchain adoption.
The integration represents a shift in how institutional blockchain infrastructure gets built. Rather than competing platforms, Haven and Swift's ledger are now working together—one managing wallets and governance across multiple chains, the other providing a ledger optimized for tokenized bank money. For institutions evaluating blockchain infrastructure, the availability of both pieces through a single API reduces friction.
Frequently asked questions
What is a tokenized deposit?
A tokenized deposit is a digital representation of commercial bank money that represents a bank liability. It moves in real time on blockchain ledgers like Swift's shared ledger, though the underlying money settles through traditional payment systems.
When did IBM Digital Asset Haven launch?
IBM Digital Asset Haven launched on October 27, 2025, as an API-driven platform built in partnership with Dfns. It manages wallets and enforces governance policies across more than 40 public and private blockchains for institutional clients.
Has Swift's ledger been used in production?
Yes. Swift's shared ledger launched on July 9, 2026, with 17 banks in the pilot. In September 2026, three major Singapore banks—DBS, OCBC, and UOB—executed the first domestic SGD tokenized deposit transactions on the ledger in production.
