💰SWIFT announces a solution for tokenized asset exchange

💰SWIFT announces a solution for tokenized asset exchange

The international interbank system plans to offer participating banks access to new classes of digital assets and currencies through its network.

▶️ SWIFT will introduce multilateral "delivery versus payment" (DvP) and "payment versus payment" (PvP)transactions. This framework will enable securities buyers to pay for and exchange tokenized assets simultaneously in real time.

▶️ The new initiative will primarily focus on global trading of real-world assets (RWA), as the market capitalization of the industry is expected to reach 30 trillion USD by 2034.

▶️ The interaction will include CBDCs, private blockchain networks, and tokenized money from commercial banks. The topic of stablecoins has already been tested in two "sandbox environments" with the participation of banks from Europe, Asia, and North America.

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