Banks in North America, Europe and Asia are preparing to participate in trials involving digital assets by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
SWIFT announced on Oct. 3 that it will begin digital asset trials on its network in 2025. The trials will involve experiments with transactions that include multiple digital currencies and assets.
The trials aim to explore how the banking network can provide financial institutions with unified access to “multiple digital asset classes and currencies.”
“Initial use cases will focus on payments, foreign exchange, securities and trade to enable multi-ledger delivery-versus-payment and payment-versus-payment transactions,” the announcement said. […]
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