SWIFT Set to Launch Digital Asset Trials in 2025

Financial institutions in North America, Europe, and Asia are preparing to take part in upcoming digital asset trials orchestrated by SWIFT.

Announced on October 3, these trials are set to begin in 2025 and will investigate the execution of transactions involving multiple digital currencies.

The initiative aims to provide a streamlined approach for banks to access a range of digital assets and currencies. The first phase will focus on critical areas such as payments and foreign exchange, allowing for various transaction types, including multi-ledger operations.

SWIFT’s announcement highlights the urgent need to address the fragmented landscape created by numerous disconnected platforms in the digital asset market, which complicates global adoption. By integrating these networks with traditional currencies, SWIFT hopes to enable seamless transactions.

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Tom Zschach, chief innovation officer at SWIFT, underscored the importance of ensuring digital currencies can operate alongside established financial systems.

While specific digital assets for the trials remain unspecified, SWIFT continues to explore advancements in blockchain technology, tokenization, and central bank digital currencies (CBDCs) through various collaborative projects.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.