Swift recently announced a partnership with Chainlink (LINK) and more than 12 of the world’s largest financial institutions and FMIs. Do you know them?

Let’s talk about who these participants are today?
1. The Society for Worldwide Interbank Financial Telecommunication (Swift) is the main interbank information network for financial institutions worldwide. More than 11,500 financial institutions from over 200 countries use Swift to facilitate $5 trillion in transactions per day.
2. The Depository Trust & Clearing Corporation (DTCC) is the world's largest central clearing house and securities depository (CSD). DTCC is responsible for clearing and settling the vast majority of securities transactions in the United States, with a settlement volume of US$2.5 trillion in 2022.
4. Euroclear is another major post-trade service provider in Europe, providing settlement, clearing and custody services to financial markets. Euroclear settles approximately 100 trillion euros in securities transactions each year and holds tens of trillions of assets under custody.
5. Bank of New York Mellon (BNY Mellon) is one of the world's largest and oldest financial institutions, providing a range of financial services and with $44 trillion in assets under custody, making it the world's largest custodian of financial assets.
6. Citigroup is a multinational investment bank and financial services company. It is the third largest bank in the United States, with 200 million customers and trillions of assets under custody. It is a systemically important bank in the world.
7. BNP Paribas is Europe’s largest banking group, headquartered in France, offering a range of retail and institutional banking solutions BNP Paribas has over $13 trillion in assets under custody and its origins date back hundreds of years.
8. Lloyds Banking Group is one of the largest financial services institutions in the UK, providing retail and commercial banking services. With total assets of over 1 trillion euros, Lloyds Banking Group is one of the largest banks in Europe.
9. Australia and New Zealand Banking Group Limited (ANZ) is one of the largest banking and financial services institutions in Australia and New Zealand, with assets worth more than one trillion U.S. dollars and is one of the four largest banks in Australia.
10. SIX Digital Exchange (SDX) is a subsidiary of SIX Group, the operator of the Swiss Stock Exchange, focusing on providing a digital asset issuance, trading, settlement and custody platform. SDX is a major driver of regulated tokenized assets in Europe.
So what is CCIP?
CCIP is a very important part of ChainLink’s business portfolio, solving cross-chain problems, even cross-chain problems between public and private chains.
Chainlink is an oracle, so cross-chain should be a natural outcome. However, CCIP took more than two years from its proposal to its launch, and now it is mainly focused on refining security solutions. The recent Multichain incident has once again exposed the security issues of cross-chain bridges.
With the increasing popularity of crypto assets, the development of the RWA track, and the resurgence of Defi/Gamefi in the future, various cross-chain demands will inevitably increase. Combined with oracles to connect the on-chain and off-chain, CCIP has indeed brought more room for imagination to ChainLink.
CCIP and SWIFT!
In 2018, about half of the world’s high-value cross-border payments used the Swift network. At Smartcon 2022, SWIFT announced that they are in the proof-of-concept phase of testing CCIP! This will connect over 11,000 global banks!
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Germany Telecom
Deutsche Telekom, the largest telecommunications company in Europe, runs a Chainlink node! They are one of the largest data providers for Chainlink.
Summary: Chainlink’s CCIP is an important milestone, marking a major step forward for blockchain technology towards cross-chain interoperability. By breaking the siloed state of blockchain, CCIP will help promote the development of DeFi and Web3, bringing more possibilities and opportunities to users and developers.