1/ Swift recently announced a collaboration with #Chainlink and 12+ of the largest financial institutions and FMIs in the world around using CCIP to enable connectivity with and interoperability between public/private blockchains
Who are these participants? π§΅π
Who are these participants? π§΅π
2/ The Society for Worldwide Interbank Financial Telecommunication (Swift) is the primary interbank messaging network for financial institutions globally
11,500+ financial institutions from 200+ countries use Swift to facilitate $5 Trillion in transaction volume per day
11,500+ financial institutions from 200+ countries use Swift to facilitate $5 Trillion in transaction volume per day
3/ The Depository Trust & Clearing Corporation (DTCC) is the largest central clearinghouse and securities depository (CSD) globally
The DTCC clears and settles the vast majority of securities transactions in the United States, having settled $2.5 Quadrillion in 2022
The DTCC clears and settles the vast majority of securities transactions in the United States, having settled $2.5 Quadrillion in 2022
4/ Clearstream is the European equivalent of the DTCC, providing post-trade services around clearing, settlement, and custody
Clearstream serves thousands of financial institutions across 100+ countries, settling more than 250k transactions daily
Clearstream serves thousands of financial institutions across 100+ countries, settling more than 250k transactions daily
5/ Euroclear is the other major post-trade services provider in Europe, offering settlement, clearing, and custody for financial markets
Euroclear settles approximately β¬1 quadrillion a year in securities transactions, with tens of trillions in assets under custody
Euroclear settles approximately β¬1 quadrillion a year in securities transactions, with tens of trillions in assets under custody
6/ The Bank of New York Mellon Corporation (BNY Mellon) is one of the largest and oldest financial institutions in the world with a range of financial services
With $44 Trillion in assets under custody, they are the largest custodian of financial assets in the world
With $44 Trillion in assets under custody, they are the largest custodian of financial assets in the world
7/ Citigroup Inc. (Citi) is a multinational investment bank and financial services corporation and is the third largest bank in the United States
With 200M customers and tens of trillions in assets under custody, Citi is globally systemically important bank
With 200M customers and tens of trillions in assets under custody, Citi is globally systemically important bank
8/ BNP Paribas is the largest banking group in Europe, based in France, providing a range of retail and institutions banking solutions
With over $13 trillion in assets under custody, BNP Paribas' origin dates back hundreds of years
With over $13 trillion in assets under custody, BNP Paribas' origin dates back hundreds of years
9/ Lloyds Banking Group is one of the UK's largest financial services institution, offering retail and commercial banking services
With total assets of more than one trillion euros, Lloyds is one of the largest banks in Europe
With total assets of more than one trillion euros, Lloyds is one of the largest banks in Europe
10/ Australia and New Zealand Banking Group Limited (ANZ) is one of the largest banking and financial services institutions in Australia and New Zealand
With over of a trillion dollars worth of assets, ANZ is a big four bank in Australia
With over of a trillion dollars worth of assets, ANZ is a big four bank in Australia
11/ SIX Digital Exchange (SDX) is a subsidiary of SIX Group, an operator of the Swiss Stock Exchange, focused providing a platform for the issuance, trading, settlement, and custody of digital assets
SDX is a major driver of regulated tokenized assets within Europe
SDX is a major driver of regulated tokenized assets within Europe
You can learn more about the collaboration between Swift, these financial institutions, and Chainlink on using CCIP to facilitate connectively to and interoperability between public/private blockchains below:
swift.com
swift.com
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