Three central banks and monetary authorities currently beta testing Swift’s breakthrough CBDC connector as interest in interoperability solution grows
More than 30 financial institutions across the world are taking part in the second phase of sandbox experiments to explore further use cases
BRUSSELS–(BUSINESS WIRE)–Swift has entered a new phase of its breakthrough work on Central Bank Digital Currency (CBDC) interoperability, announcing that three central banks are beta testing its innovative solution for interlinking CBDCs, while 30 financial institutions are experimenting with the solution in a new sandbox to explore further use cases.
Swift committed to developing a beta version of its CBDC connector solution after a first iteration of sandbox testing, with participants recognising the solution’s ‘clear potential and value’. The beta solution has taken its next step, with three central banks and monetary authorities, including the Hong Kong Monetary Authority (HKMA) and
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