SWIFT, the leading global payments system, has announced its plan to begin trials integrating digital assets with traditional financial systems starting November 2025.
The Digital Shift
SWIFT has been experimenting with connecting traditional banking systems with blockchain for several years. This includes tokenized currencies, stablecoins, and central bank digital currencies (CBDCs). The organization is now eager to move from testing to real-world trials with banks across North America, Europe, and Asia.
Why This Matters
Most digital asset platforms operate like isolated islands, limiting their interaction with traditional banks. With SWIFT stepping in, the aim is to create a centralized system that links everything together. This will soon allow banks to easily conduct international transactions in either fiat or digital currencies.
Global Trials Already Underway
Countries like France and Hong Kong are already taking action before the 2025 launch, working with SWIFT to explore the utility of digital assets in foreign exchange and securities settlements. SWIFT is also involved in Project Agora, aimed at unifying tokenized bank deposits and CBDCs on one platform.
SWIFT is poised for the integration of digital assets, which will be crucial in building a connected financial system. With over 11,500 banks in its network, SWIFT is ready to ensure a smooth and secure transition, capable of bridging traditional banking with the digital economy.
