Deutsche Bank Strengthens Blockchain Role with Ripple and SWIFT Collaborations
Deutsche Bank is leading the blockchain revolution, expanding its use of Ripple-powered infrastructure and contributing to SWIFT’s blockchain ledger, signaling a major shift in global payments efficiency and modernization.
Deutsche Bank is partnering with Ripple-linked firms to modernize FX operations, multi-currency accounts, digital asset custody, and settlements. Leveraging Ripple’s blockchain, the bank streamlines traditionally slow and costly cross-border payments, enabling faster, more secure, and transparent value transfers globally.
Deutsche Bank Powers SWIFT’s Blockchain Push to Transform Global Payments
SWIFT confirms Deutsche Bank as a lead contributor to its new blockchain-based global payments ledger. Partnering with over 40 major banks, the system aims to modernize international transfers by boosting security, transparency, and efficiency.
Deutsche Bank’s FX, settlement, and custody expertise is instrumental in creating a platform that handles large-scale cross-border transactions with minimal risk and friction.
Notably, SWIFT has confirmed Deutsche Bank as a key architect of its new blockchain-based global payments ledger. Involving more than 40 leading banks, the platform aims to modernize cross-border transfers with greater security, transparency, and efficiency.
Deutsche Bank’s FX, settlement, and custody expertise is pivotal in designing a system that handles large-scale transactions while reducing risks and operational friction.
Therefore, SWIFT recognizes Deutsche Bank as a leading player in shaping and implementing its blockchain ledger. This collaboration enables banks to move value across borders safely, seamlessly, and in real time, reflecting a broader trend of traditional banks embracing distributed ledger technology to meet digital transformation and evolving customer expectations.
By integrating blockchain into internal operations and global payment networks, Deutsche Bank strengthens its infrastructure while contributing to a more efficient and resilient financial ecosystem.
Leveraging Ripple-powered solutions, the bank demonstrates how major institutions can use blockchain to deliver faster, safer, and more transparent cross-border payments, positioning itself at the forefront of finance and technology innovation.
Conclusion
Deutsche Bank’s embrace of Ripple-powered technology and SWIFT’s blockchain ledger underscores its commitment to modernizing global finance.
By leveraging blockchain for cross-border payments, FX services, and digital asset custody, the bank boosts efficiency while setting a standard for secure, transparent, and future-ready operations. Collaborations with over 40 global banks showcase how traditional banking and blockchain innovation can thrive together.
Source: https://coinpaper.com/14482/deutsche-bank-taps-ripple-and-swift-to-supercharge-cross-border-payments
