Key points
Swift is developing practical solutions to integrate fiat currencies with tokenized assets, providing users with access to both traditional and emerging asset classes. This initiative includes enabling real-time trading between buyers of securities and tokenized assets, providing seamless Delivery-to-Payment (DvP) and Payment-to-Payment (PvP) payment solutions on its platform.
Swift’s upcoming plans also include creating a multi-ledger system that connects tokenized asset payment solutions with fiat-based payment transactions. As the financial messaging network grows, it aims to incorporate digital assets such as CBDCs and stablecoins, further expanding its reach in the digital economy.
Read more: Hong Kong Lawmaker Urges Swift Resolution of Virtual Asset Custody Licensing Rules!
Swift is expanding its digital asset services by integrating fiat currencies with tokenized assets. This move includes testing multi-ledger DvP and PvP transactions that will allow real-time settlements for securities buyers and tokenized assets. By bridging the gap between traditional fiat currencies and emerging digital assets, Swift aims to offer its users more efficient transaction processes across various asset classes.
The network also completed successful blockchain experiments with Chainlink, demonstrating Swift’s potential to connect multiple blockchain networks. This provides financial institutions with a single point of access for tokenized assets, enabling faster and more secure transactions.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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