Banks in Asia, North America, and Europe are preparing to make real-time transfers via SWIFT

Banks in North America, Asia, and Europe will use SWIFT for real-time testing of digital asset and currency transactions. SWIFT has successfully facilitated the tokenized value transfer on public and private blockchains globally as well as CBDC-related transactions. These new trials will be the next step in integrating SWIFT with the evolving digital financial ecosystem. Tom Zschach, Chief Innovation Officer at SWIFT, emphasized when discussing recent developments: "The importance of digital assets lies in enhancing their relevance through crossover with traditional currencies."