Banks in North America, Europe, and Asia are gearing up to take part in trials involving digital assets by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). SWIFT recently announced plans to commence digital asset trials on its network in 2025, focusing on transactions with multiple digital currencies and assets. The trials aim to investigate how the banking network can offer financial institutions unified access to various digital asset classes and currencies. Initial use cases will concentrate on payments, foreign exchange, securities, and trade to enable multi-ledger delivery-versus-payment and payment-versus-payment transactions. SWIFT is determined to bridge emerging and established forms of value by developing practical mainstream applications for seamless transaction tracking. The upcoming digital currency trials are part of SWIFT's ongoing blockchain-related initiatives, including participation in Project Agorá and proposing a blockchain-based state machine for transaction management. Read more AI-generated news on: https://app.chaingpt.org/news