This year's Sibos theme is "Digital Finance for AI-driven Economies," and the banks heading to the conference are moving quickly to digitize and tokenize their payments. Ahead of Sibos, we're introducing a new offering with IBM Consulting for Swift member banks preparing to go live on the Swift Ledger.
IBM Consulting and Kaleido have formed a strategic partnership purpose-built to help Swift member banks move from MVP validation to full production on the new Swift Ledger, with confidence, speed, and enterprise-grade security.
Kaleido is the market-leading provider of tokenized deposits to Swift members. Kaleido's platform offers a production-grade, turnkey Swift Ledger stack with a complete suite of integrated components: Swift Ledger workflows and UI, ISO20022 adapters to integrate with existing systems, and the full set of digital asset technology including wallets, smart contracts, blockchain infrastructure, and more.
More than 70% of participating banks to date are running this same Kaleido platform for their transactions. In addition, because Kaleido is the technology partner for the Swift Ledger itself, this also means the Swift member banks will be working directly with Swift Ledger's chosen technology partner that deeply understands the technology requirements and production integrations needed by the banks.
IBM Consulting brings decades of payment expertise, deep banking system integration capabilities, and a proven Swift Service Bureau, including Alliance Connect Gold, the highest standard for Swift network resilience.
Together, we cover the full production stack that no single vendor can deliver alone.
The IBM Consulting + Kaleido Tokenized Deposit Solution for Swift Ledger is a market-leading, turnkey tokenized deposit platform for Swift member banks to go live in production with end-to-end payment flows.
For institutions with in-house Swift infrastructure, this offering makes available payments experts trained to plug this capability into your existing payments systems.
For institutions preferring to outsource their Swift connectivity, this same tokenized deposit solution is available as a managed service within IBM's Swift Bureau. Our tokenized deposit solution prepares you for the Swift Ledger, and is also the foundation for any other DLT ledger and FMI rails where you may wish to deploy or connect to tokenized deposits use cases.
The deployment model is flexible to your needs:
• Dedicated Deployment: Ideal for Tier-1 and large institutions that want maximum control: your infrastructure, your governance, IBM-tailored integration and L2 support, Kaleido node and platform software with L3 support.
• Managed Shared Service: Purpose-built for regional and mid-tier banks: IBM hosts and operates the service end-to-end; Kaleido provides the embedded digital-asset platform; your institution retains full governance and business ownership without the infrastructure burden.
• Trusted Partner for Swift Ledger: Kaleido uniquely works directly with Swift as the technology partner for Swift Ledger, keeping your institution ready for production as member bank requirements evolve.
• Proven Swift Connectivity: IBM's Swift Bureau with Alliance Connect Gold provides the resilient, compliant network foundation your institution requires from day one.
• Accelerated Time to Production: Pre-built integration patterns, repeatable onboarding, and an enterprise-grade platform eliminate the cost and complexity of building from scratch.
• Future-Ready Architecture: The same platform that connects you to the Swift Ledger today is designed to support broader digital-asset use cases tomorrow.
• Choice Without Compromise: Whether you want dedicated control or a fully managed path, a single common foundation adapts to your institution's risk appetite, operating model, and timeline.
Ready to plan your path to production? Talk to our team about your Swift Ledger timeline, or explore the IBM Consulting + Kaleido Tokenized Deposit Solution.
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