SWIFT, the global correspondent banking organization system, announced it will be testing tokenized assets and CBDCs in a live pilot this year, advancing efforts to integrate digital assets into international finance. This follows years of exploration by banks and asset managers to “tokenize” traditional assets for faster, cost-effective transactions. With roughly 90% of central banks now testing digital currencies, SWIFT’s initiative aims to facilitate secure tokenized transactions by combining tokenized deposits and wholesale central bank digital currencies for more efficient cross-border settlements.
SWIFT to Trial Live Digital Currency Transactions Next Year
