Bottomline Collaborates With Chainlink To Offer On-Chain Settlement To 600 Banks

Bridging Traditional Finance and Blockchain Rails

Bottomline, one of the world's leading providers of SWIFT services, has partnered with @Chainlink to bring on-chain settlement capabilities to its network of more than 600 financial institutions. The collaboration integrates two core Chainlink technologies: the Cross-Chain Interoperability Protocol (CCIP) and the Chainlink Runtime Environment (CRE), creating a direct bridge between traditional payment infrastructure and both public and private blockchain networks.

Under the arrangement, member banks will be able to use ISO 20022 messaging, the international standard for financial data exchange, to settle tokenized value through a single unified gateway. Bottomline has built deep expertise around compliance frameworks including SWIFT and ISO 20022 standards, making it a natural fit for a technology partnership aimed at preserving familiar banking workflows while adding blockchain settlement capabilities on the back end.

Chainlink's Growing Institutional Footprint

Chainlink's CCIP allows different blockchains and traditional systems to communicate with each other, which is critical for any financial institution that wants to use blockchain without being locked into a single chain. Since launching on mainnet in July 2023, CCIP has evolved from a roadmap item into a fully operational protocol that now connects over 60 blockchain networks and serves as critical infrastructure for both decentralised finance and institutional adoption.

The Bottomline deal fits within a broader push by Chainlink to embed itself in the infrastructure of global finance. The most prominent example of this strategy is Project Pangea, an initiative involving over 50 banking institutions across Europe and South Korea that targets T+0 settlement for foreign exchange transactions, with participating banks collectively managing more than $10 trillion in assets under management. JPMorgan Chase, ANZ Bank, UBS Asset Management, and the Hong Kong Monetary Authority are also leveraging CCIP to execute cross-chain settlement, tokenized fund management, and cross-border payment transactions in regulated environments.

For Bottomline's bank clients, the practical implication is meaningful. Rather than rebuilding core payment infrastructure, institutions can route existing SWIFT messages through Chainlink's protocol to trigger on-chain settlement. Banks do not need to rip out and replace SWIFT to access blockchain rails: a bank sends a normal SWIFT message, and Chainlink CCIP receives it, translates it into a cross-chain message, and settles tokenized value.

The deal adds to a growing list of institutions adopting Chainlink's cross-chain stack as the tokenized asset market matures. The tokenization market is projected to reach $16 trillion by 2030, and infrastructure that connects legacy finance to on-chain settlement is becoming a competitive priority for payment networks of Bottomline's scale.

Sources
Chainlink partners with Bottomline to enhance cross-border payments, Crypto Briefing
Chainlink's Work With Swift, Euroclear, and Major Banking and Capital Markets Institutions, Chainlink Blog
What Is Chainlink CCIP? Cross-Chain Protocol Explained, CoinGecko