Today, SWIAT announced that NTT Data will join its permissioned blockchain network as a validator. SWIAT is an independent blockchain-based financial platform for banks and financial institutions. Decentralized Financial Market Infrastructure (dFMI) was founded by DekaBank, but is also backed by LBBW, SC Ventures, a Standard Chartered company, and software company Comyno.
Last year, four consulting and IT companies from Germany and France Sopra Steria participated: Validator, Adesso, GFT, and think tank Business Solutions.
In addition to operating validator nodes, NTT Data will also operate tenant nodes, allowing it to provide solutions to customers.
Recently SWIAT hosted the launch of a tokenized fund by Deka Investment, one of Germany’s largest fund providers. It is also used to issue digital bearer bonds and registered bonds issued by several German savings banks.
NTT Data’s overseas and Japanese bases
Meanwhile, NTT Data adds another international dimension. Apart from its roots in Japan, the company was also the technology partner of Spunta, an Italian interbank blockchain network that initially focused on daily reconciliations.
In Japan, NTT Data has a much larger footprint and is very active in blockchain. The company founded TradeWaltz, a Japanese blockchain trading network, with the backing of 15 companies including MUFG and Mitsubishi Corporation.
The Japanese consultant is also a minority shareholder in Progmat, one of Japan’s two largest institutional tokenization platforms. Outside of blockchain, NTT Data owns Japan Information Processing (JIP), which operates Japan’s largest bond issuance and settlement agency solution. The collaboration between MUFG and Progmat will therefore become increasingly important. Additionally, we are involved in major blockchain-based identity initiatives in Japan.
SWIAT’s blockchain is an enterprise version of Ethereum technology.
