Today Swift said it will support banks in carrying out live pilots for digital assets and digital currencies from 2025. These include payments, FX, securities and trade transactions across multiple DLTs.
The aim is to support delivery versus payment (DvP) and FX payment versus payment (PvP) transactions. As Swift points out, it enables connectivity to 4 billino accounts across 200 territories.
“For digital assets and currencies to succeed on a global scale, it’s critical that they can seamlessly coexist with traditional forms of money. With Swift’s vast global reach we are uniquely positioned to bridge both emerging and established forms of value, and we’re now focused on demonstrating this in real-world, mainstream applications,” said Tom Zschach, Chief Innovation Officer, Swift.
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