Banks Set to Use Swift for Token Transactions Starting in 2025
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Commercial and central banks will be able to conduct live trials of digital-asset transactions on the Swift messaging network starting next year, nudging widespread institutional adoption of blockchain technology closer to reality.
The organization behind the global Swift network will allow lenders to move real money and assets in trial transactions between different blockchain ledgers, it said in a statement on Thursday, after previously experimenting with such transactions solely in test environments.