📢 In 2025, SWIFT plans to launch transfers with digital currencies

Morgan Ellis

📢 In 2025, SWIFT plans to launch transfers with digital currencies

SWIFT's initiative involves integrating various types of digital assets across multiple platforms.

▶️ In March, SWIFT representatives announced they are developing a new platform to connect CBDCs. They are now ready to enter the testing phase, which will enable the receipt of real money payments from counterparties.

▶️ These will be real-time transactions, and crucially, without intermediaries. For years, banks and asset managers have been exploring the potential to "tokenize" traditional assets, such as bonds.

▶️ It is expected that 90% of the world's central banks will participate in these tests.

▶️ Additionally, some central banks are already experimenting with wholesale CBDCs for cross-border payments, though on a smaller scale.

⚠️ What is slowing the process: market fragmentation and geopolitical tensions.

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