[Banks from various countries will join the Swift digital asset trial in 2025]
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced that it will launch a digital asset trial in 2025, covering banks in North America, Europe and Asia. The trial will involve a variety of digital currencies and assets, with the aim of providing financial institutions with a unified way to process payments, foreign exchange, securities and transactions. The trial will implement multi-ledger "monetary versus payment" and "payment versus payment" transactions.
SWIFT emphasized that the rapid growth of disconnected platforms and technologies in the digital asset economy has led to the phenomenon of dispersed "digital islands" and hindered global adoption. Chief Innovation Officer Tom Zishak said that SWIFT is committed to connecting new and existing forms of value to achieve seamless processing and tracking of various assets.