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Global payments platform SWIFT is looking at interoperability in the tokenized asset market, using central bank digital currencies (CBDCs) as payments.
Source: SWIFT
SWIFT said it is planning experiments in the first quarter of 2022, in an effort to boost the information exchange between participants and systems involving tokenized assets.
The organization is looking for a way to support a “frictionless and seamless tokenized digital asset market,” along with issuance, payment, and redemption processes.
The development comes as the firms are expanding into rolling out offerings to allow investors to acquire fractions of assets as digital tokens to boost liquidity and accessibility.
The experiments will utilize CBDCs, along with established forms of payment.
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