đ¨Swift set to begin live bank trials of digital asset transactions in 2025đ¨
â˘Swift said banks will begin live trials of digital asset and currency transactions over its network next year.
â˘It marks the first time Swift will move beyond experimenting with blockchain transactions in testing environments to real-world settlement.
Starting next year, Swift said banks in North America, Europe and Asia will begin live trials of digital asset and currency transactions over its global messaging network, which services more than 11,500 financial institutions.
Swift has previously experimented with blockchain transactions in testing environments. However, next yearâs trials will pilot an advanced version of its infrastructure capable of orchestrating real-world digital asset and currency transactions across networks for the first time, according to a statement by the firm on Thursday.
