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Swift pilot lays foundation for use of CBDCs and tokenised assets in global finance

October 6, 2022


Calling it a “major milestone”, the experiments demonstrate that it is possible to integrate CBDCs and tokenised assets into the global financial ecosystem.

Swift says the findings, which come from two separate experiments, solve the “significant challenge” of interoperability in cross-border transactions by bridging different distributed ledger technology (DLT) networks and existing payment systems, “allowing digital currencies and assets to flow smoothly alongside, and interact with, their traditional counterparts”.

It adds that as CBDCs and tokens develop, they can be deployed at scale to facilitate trade and investment between more than 200 countries and territories around the world.

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