SWIFT Announces Concrete Plans for Real-Time Tokenized Asset Transfers

Sep 12, 2024, 07:19 AM

SWIFT has announced the development of concrete plans for a global infrastructure aimed at streamlining tokenized asset transfers. The initiative will enable members to conduct transactions involving regulated digital assets and currencies on the SWIFT network. The system will support real-time transfers of tokenized assets, linking blockchains, Central Bank Digital Currencies (CBDCs), and fiat currencies to facilitate smooth global transactions. This move represents an advancement in SWIFT's efforts to interlink fiat currencies with various tokenized assets, offering users access to both existing and emerging asset types. SWIFT is paving the way towards real-world solutions and innovation in digital transactions.