Cosmos Labs has developed a Tokenization Suite linking banks’ existing core ledgers and tokenized-deposit systems to Swift’s blockchain-based shared ledger. The integration is designed to allow financial institutions to provide 24/7 cross-border payments while retaining their own deposit records and transaction-control infrastructure. The development differs from the previously reported Chainlink Runtime Environment, or CRE, connection between bank systems and Swift’s ledger. Chainlink said CRE would coordinate smart-contract workflows between banks’ own ledgers and Swift’s shared ledger while banks retain the keys used to approve transactions. Oracle has separately announced an integration combining its banking and blockchain infrastructure with Swift’s ledger and ISO 20022 payment processing. Swift’s ledger is intended to coordinate commitments and transfers among participating institutions rather than hold banks’ deposits centrally. The model aims to improve interoperability for tokenized deposits, which remain liabilities of the issuing banks, while supporting payment activity beyond conventional banking hours.