SWIFT, the global bank network for coordinating international transactions and payments, explores blockchain interoperability to remove friction from tokenized asset settlement
SWIFT, the global bank network for coordinating international transactions and payments, explores blockchain interoperability to remove friction from tokenized asset settlement
We’re collaborating with the Swift community globally to test how institutions can use their Swift connection to seamlessly interoperate with the multitude of blockchain networks emerging around the world.
This is news from earlier in June but was overshadowed by the SEC lawsuits that came out at the same time. SWIFT represents critical banking infrastructure and its openness to crypto assets signals a sea change in attitudes among banks. This article is still the lead story on their site, www.swift.com , which is also telling, despite recent regulator crackdowns on tokens.