Swift starts crypto and tokenisation tests: World’s biggest banks will join

Global payment network Swift, which announced fiat money tokenisation trials in recent weeks, announced that it will launch transfer trials of many tokenised assets, including cryptocurrencies, in 2025. The world’s largest banks from North America, Europe and Asia will also be involved in these tests.

Swift starts crypto and tokenisation tests: World’s biggest banks will join

The steps taken by Swift, the money transfer network used by the world’s largest financial institutions, on digital assets and cryptocurrencies are expanding further. In the statement made by Swift today, 2025 was targeted for digital asset trials on the network.

“The target is the transfer of all assets…”

In the statement, it was stated that the goal is to create a system that enables the transfer and tracking of all assets and the following statements were used:

“These trials are critical to providing banks and institutions with the ability to transfer any asset using any technology. New types of custody of value are emerging every day, and our goal is to provide our community with a seamless transaction technology.”

As it will be remembered, Swift tested the transfer of some tokenised assets with the crypto project Chainlink’s inter-blockchain transfer technology CCIP last year. The trials were successful.

In Swift’s statement, it was stated that there are currently many platforms that are not connected to each other and that establishing communication between them will be a critical development for the financial world.

“This technology will shape the future of digital assets”

Tom Zschach, CEO of Swift, also referred to interoperability technology in his assessment on the subject:

“I don’t think there will be a single main or large blockchain, so communities are working with us, Swift. This technology will also significantly increase economic growth and shape the future of digital assets.”

Leave a Comment