SWIFT to Trial Digital Currency Transactions in 2025

The global banking network aims to integrate digital currencies and tokenized assets into mainstream finance.

• Banks will use SWIFT's network to settle digital assets and currencies, with trials starting next year.
• SWIFT's initiative is part of a broader industry shift towards tokenization of traditional assets like bonds.
• About 90% of central banks are exploring central bank digital currencies (CBDCs) to facilitate tokenized asset trading.
• SWIFT has previously conducted successful trials linking private and public blockchains with major financial institutions.
• The move reflects growing demand for real-world transactions with digital assets, despite market fragmentation.

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