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SWIFT Expands CBDC Interoperability Testing with Three Central Banks
SWIFT, a prominent bank messaging platform connecting over 11,500 financial institutions worldwide, announced that three banks have joined the beta phase of its central bank digital currency (CBDC) interoperability project. This move aims to enhance the seamless integration of CBDCs into the existing financial ecosystem.
According to the official announcement on September 13, the company also expanded its sandbox testing program with 30 financial institutions experimenting with the solution to explore further use cases.
SWIFT is taking its commitment to developing a beta version of its CBDC connector solution to the next level. Following a successful initial round of sandbox testing, where participants recognized the program’s clear potential and value, the company is now actively progressing its beta solution to its second phase.
Three Central Banks Join SWIFT’s CBDC Testing Program
The company said t
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