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Swift explores expansion of network into the digital asset market
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finextra.comBanks and securities firms are vying to tap into this nascent market by developing digital asset servicing capabilities, such as private key safekeeping and support for the full lifecycle of digital securities. For its part, Swift is exploring how it can improve interoperability between participants and systems during the transactional lifecycle of tokenised assets.
To this end, the Brussels-based messaging paltform plans a series of experiments in Q1 2022 on issuance, delivery versus payment (DVP), and redemption processes needed to support a seamless tokenised asset market. These experiments will use both established forms of payment and central bank digital currencies (CBDCs), says Thomas Zschach, chief innovation officer, Swift.
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