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Banks To Join Swift Digital Asset Trials In 2025

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced that it will conduct digital asset trials in collaboration with banks in North America, Europe, and Asia. Scheduled to begin in 2025, the trials will explore how the banking network can provide unified access to various digital asset classes and currencies, with initial use cases focusing on payments, foreign exchange, securities, and trading. SWIFT aims to address the fragmented landscape of the digital asset economy and remove barriers to global adoption. The organization's Chief Innovation Officer emphasized the importance of connecting new and established forms of value and ensuring seamless transactions and tracking of all types of assets.

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