🚀【Swift launches new global trading initiative to simplify cryptocurrency trading】🚀

On September 11, Swift announced an exciting new initiative to simplify global trading and enable its members to use Swift connections for transactions involving traditional and emerging asset types such as cryptocurrencies. Swift plans to test multi-ledger delivery-to-payment (DvP) and payment-to-payment (PvP) transactions on its global platform, which will enable securities buyers to pay and exchange tokenized assets in real time.

🌐This new initiative will focus on global trading of RWA (real world assets), an industry expected to reach a market value of $30 trillion by 2034. Swift said that the global tokenized asset industry has interoperability issues, mainly due to the lack of a globally recognized form of digital currency. Fiat currencies will be used initially, and future plans include CBDC, tokenized commercial bank currencies, and regulated stablecoins.

🔍It is worth noting that Swift has achieved successful results in value transfer tests involving tokenized assets, and mentioned the two CBDC sandboxes it conducted, which included banks from Europe, Asia, and North America. Swift's new attempt to provide a single payment infrastructure for tokenized assets also aims to solve how to integrate different digital assets with their respective bank-led networks.

The future of Bitcoin is still bright, and look forward to more innovation! 💡