SWIFT, which provides electronic funds transfer between banks around the world, tokenization It will do test work to see what role it can play in transactions with tokenized instruments via
SWIFT, short for Society for Worldwide Interbank Financial Telecommunication; for tokenized assets between different systems It will examine the issuance, payment for delivery and settlement transactions.
In the test studies, which are expected to start in the first quarter of 2022, both accepted payment methods and some new digital central bank money (CBDC) systems will be used.
Clearstream, Northern Trust, SETL and in the test studies to be carried out with the cooperation of different participants, SWIFT’s multiple tokenization platforms It will be investigated what kind of intermediary role it can play between them.
Tokenization; by converting stocks, bonds, in addition to illiquid assets such as commodities, real estate, works of art, open to investment provides.
Working with banks around the world, the network established by SWIFT extends to 11 thousand institutions in more than 200 countries.
SWIFT management, in a statement on the subject, for cryptocurrencies custody service give away or tokenized assets reach agreement that they do not have such a plan, that the test studies just linking different platforms together stated for the purpose.