The cooperative’s trials focus on payments, FX, securities, and trade, exploring DvP and PvP solutions. Building on its capabilities in tokenized value transfer, CBDC connectivity, and integration of digital and cash asset networks, Swift’s trials aim to provide financial institutions with unified access to various digital asset classes and currencies.
Initially targeting payments, foreign exchange, securities, and trade, the trials evaluate multi-ledger Delivery-versus-Payment and Payment-versus-Payment.
As the tokenized asset market grows, projected to reach $16 trillion by 2030, and 134 countries explore CBDC implementation, Swift’s trials address the need for seamless transactions between digital platforms and existing fiat currencies. Chief Innovation Officer Tom Zschach highlighted the critical importance of digital assets seamlessly coexisting with traditional forms of money.