Swift: Explores expansion of network into the digital asset market
- SWIFT is a global member-owned cooperative and the world’s leading provider of secure financial messaging services
- It is to explore how it can support interoperability in the development of the tokenised asset market
- Relative to cryptocurrencies and stablecoins, the current market capitalisation of tokenised assets is small
- Banks and securities firms are vying to tap into this nascent market by developing digital asset servicing capabilities
- Exploring how it can improve interoperability between participants and systems during the transactional lifecycle of tokenised assets
- The Brussels-based messaging platform plans a series of experiments in Q1 2022 on issuance, delivery versus payment (DVP)
