Global bank messaging network SWIFT announced on Thursday that it will conduct live trials of tokenized assets and digital currencies next year. This move marks the latest development in the gradual integration of these assets into the broader financial system.
Commenting on Swift’s decision to let banks begin live trials of digital assets, Arthur Firstov, Chief Business Officer at Mercuryo said:
“We welcome Swift’s move to begin live trials involving digital assets next year. Myriad use cases for digital assets are emerging in the payments domain, and in the fields of securities and foreign exchange. As TradFi seeks to integrate decentralised ledger technologies we will see more seamless interaction between traditional finance and applications in the digital asset space. This will only add momentum to the growth of the emerging digital token economy. The blockchain undoubtedly represents a ground-breaking technology for payments that is sure to play a major role in the evolution of finance through the course of this decade.”
