(14 October 2024 – Global) Starting in 2025, banks across North America, Europe, and Asia will commence live trials of digital assets and currency transactions over the Swift network.
The ability to execute digital asset and currency transactions over the Swift network is moving from experimentation to reality. Starting in 2025, global financial institutions will have the ability to use Swift’s global platform to conduct pilot transactions for the settlement of digital assets and currencies.
“As new forms of value emerge, our intention is to continue offering our community the ability to seamlessly make and track transactions of all kinds of assets, using the same secure and resilient infrastructure that is integral to their operations today” stated Swift Chief Innovation Officer, Tom Zschach.