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Which major bank will first announce full integration with SWIFT's digital currency system by end of 2025?
2
Resolution / Starting Odds
HSBC • 25%
JP Morgan • 25%
Deutsche Bank • 25%
Other major bank • 25%
Official announcements from major banks or SWIFT
Story
SWIFT to Trial Live Digital Currency Transactions Next Year, Full Implementation by 2025
Oct 3, 2024, 10:11 AM
Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital currencies starting next year, with full implementation expected by 2025. This initiative will involve commercial and central banks globally, including those in North America, Europe, and Asia. The trials aim to facilitate real-money digital asset transfers and enhance institutional blockchain adoption. The move marks a significant milestone in integrating digital currencies into the financial system, with the first focus on payments, currency exchange, and trade. SWIFT, which connects 11,500 financial institutions and handles over 5 billion messages annually, will leverage these trials to enable banks to transact interchangeably across both traditional and digital assets.
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A major North American bank • 25%
A major European bank • 25%
A major Asian bank • 25%
Another bank not specified • 25%
BNP Paribas • 25%
BNY Mellon • 25%
JP Morgan • 25%
Other • 25%
JP Morgan • 25%
HSBC • 25%
Deutsche Bank • 25%
Other • 25%
JP Morgan • 25%
HSBC • 25%
Deutsche Bank • 25%
Other • 25%
Bank of America • 25%
Wells Fargo • 25%
Citibank • 25%
Goldman Sachs • 25%
Central Bank Digital Currency (CBDC) • 25%
Stablecoin • 25%
Cryptocurrency • 25%
Other • 25%
JPMorgan Chase • 25%
Bank of America • 25%
Wells Fargo • 25%
Citibank • 25%
North America • 25%
Europe • 25%
Asia • 25%
Other • 25%