Global Banking Network SWIFT Paves Way for Tokenized Asset Integration

Global Banking Network SWIFT Paves Way for Tokenized Asset Integration

On Sept. 11, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced that it was “paving the way towards real-world solutions that will enable our members to access and transact with regulated digital assets and currencies.”
The organization has a vision of enabling its members to transact with both traditional and emerging crypto assets on its interbank network.
SWIFT is a cooperative established in 1973 in Belgium and owned by the banks and other member firms that use its services.
Ethereum Connections?
VanEck’s head of digital assets research, Matthew Sigel, observed that the only layer-1 blockchain SWIFT has ever mentioned in such communications is Ethereum.
He also noted that their experiments focus on interoperability between traditional finance and emerging technologies such as tokenized assets and CBDCs.
SWIFT announces new digital asset efforts, emphasizing regulated environments.
Their experiments focus on interoperability between traditional f

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