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SWIFT intends to facilitate the incorporation of digital assets into the conventional banking framework in 2025 by executing a series of extensive trials and establishing a cohesive network for central bank digital currencies (CBDC) and other digital assets.
The SWIFT team, which operates the global interbank transfer system, has announced plans for a large-scale trial to explore the utilization of digital assets within traditional banking frameworks in 2025. Financial institutions from North America, Europe, and Asia are set to take part in these trials.
This initiative seeks to incorporate CBDCs and tokenized assets into the traditional banking system, thereby greatly enhancing access to digital assets for financial institutions. Participants will assess SWIFT’s capability to establish a unified network for managing multi-currency transactions and operations across various digital asset categories.
As part of the trial, SWIFT intends to evaluate the application of digital assets for:
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- executing payments;
- engaging in foreign exchange transactions;
- trading securities.
Specifically, participants in the project will examine payments utilizing different CBDCs to facilitate multi-registered Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions. Through this approach, SWIFT aims to create a connection between digital assets and traditional currencies, offering a more streamlined and accessible infrastructure for international financial transactions.
Tom Zschach, SWIFT’s Chief Innovation Officer, stated that the effective implementation of digital assets on a global scale can only be achieved if they are fully integrated with traditional financial systems. He is confident that the company’s advancements will enable this objective, encompassing various forms of value on a single platform.
Since 2022, SWIFT has been investigating the potential for cross-border payments utilizing CBDCs, making notable strides in their compatibility. In 2023, the SWIFT team initiated the development of technical tools for the worldwide integration of digital assets into financial operations. In 2024, the company introduced a universal ledger model for digital assets.
Сообщение SWIFT to Integrate Digital Assets into Banking Infrastructure in 2025 появились сначала на CoinsPaid Media.
