Swift is set to start live bank trials of digital asset transactions in 2025. The trials will involve banks in North America, Europe, and Asia, testing an advanced version of Swift’s infrastructure capable of facilitating real-world digital asset and currency transactions.
According to a statement from the firm, the trials will utilize Swift’s global messaging network, which currently services over 11,500 financial institutions. This initiative aims to interlink various digital and traditional currency platforms, allowing for seamless cross-border transactions.
Swift has previously engaged in blockchain experiments, collaborating with Chainlink to connect its network to the Ethereum Sepolia test network. These experiments highlighted Swift's capability to provide a singular access point to multiple blockchain networks, which supports the creation of tokenized assets and the development of central bank digital currencies.
Swift’s Chief Innovation Officer, Tom Zschach, emphasized the necessity for digital assets and currencies to coexist with traditional forms of money. The upcoming trials aim to address the challenge of disconnected digital platforms that may impede the adoption of new value forms.
As new forms of value emerge, Swift intends to continue offering the financial community the ability to conduct transactions of all asset types using their existing infrastructure.
