SWIFT tested a solution for payments using state cryptocurrencies – Bits Media

SWIFT International Payment Director of the International Payment System announced the successful testing of digital currencies of central banks.

Tom Tssh (Tom Zschach) announced, that state stabiblcoins of various central banks and tokenized assets were Successfully involved in financial infrastructure during two separate experiments. Fourteen central and commercial banks took part in the testing of full -scale deployment of CBDC, Including the Bank of France, German Federal Bank, HSBC, Intesa Sanpaolo, NatWest, SMBC, Standard Chartered, UBS и Wells Fargo.

During the experiment, it turned out, that in the infrastructure of the international system exchange systems SWIFT can be integrated platforms for the tokenization of assets with different types of cash payments.

Cooperating with CITI banks and financial companies, Clearstream, Northern Trust и SETL, Swift studied about 70 scenarios for the release and transfer of tokenized bonds, shares and funds in the secondary market. SWIFT analysts came to the conclusion, that CBDC can be quickly deployed at a large -scale level to simplify trade between more 200 countries. Using SWIFT solutions, central banks will be able to directly connect their networks to other payment systems through a single gateway.

“Digital assets and tokens have enormous potential in the field of payments and investments. But this potential can only be realized in that case, If you combine different approaches and work together. Digital currencies of the central banks should be compatible with payment systems, And our solution will help to reveal the capabilities of the digital future ", - proclaimed Tsshh.

Last week, Swift entered into an agreement with the supplier of Chainlink oracles, to test evidence of the concept (PoC) When making payments through different blockchains. In early September, SWIFT began to cooperate with the American fintech company Symbion to launch a project based on a blockchain for the exchange of corporate data.