Crypto Markets News: SWIFT's Groundbreaking Digital Asset Trials Set for 2025

Thursday, 3 October 2024, 22:09

Crypto markets news reports that SWIFT will initiate digital asset transactions in 2025, enabling over 11,000 banks to join this innovative venture. The trials will take place in North America, Europe, and Asia, showcasing both the challenges and opportunities presented. Industry experts express cautious optimism as the program aims to create a crucial link between traditional finance and digital assets.
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Crypto Markets News: SWIFT's Groundbreaking Digital Asset Trials Set for 2025

SWIFT's Global Interbank Asset Trials

Crypto markets news highlights the latest announcement from SWIFT, the global interbank cooperative society, about upcoming digital asset transaction trials slated for 2025. This initiative allows over 11,000 financial institutions to conduct transactions across its expansive network, marking a significant step forward.

Opportunities and Challenges Explored

As preparations ramp up for the live trials, participating banks will gain access to conduct digital asset transactions over the SWIFT network. Industry experts have shared their diverse perspectives regarding the potential opportunities and challenges associated with this project, showcasing the importance of these trials to the ongoing evolution of the financial landscape.

  • Creating a single access point between traditional finance and digital assets is a key goal of this initiative.
  • Previous international CBDC trials conducted by SWIFT laid the groundwork for this new venture.
  • David Pinger, CEO of Warden Protocol, offers insights into the implications of this groundbreaking project.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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