Swift Launches New Global Infrastructure to Facilitate Transfer of Tokenized Assets

Renowned payments infrastructure platform Swift has unveiled a new initiative that seeks to revolutionize the exchange of tokenized assets globally. In an effort to address interoperability issues affecting different technologies and regulations, Swift has developed a global infrastructure that will enable the seamless transfer of these assets, integrating both traditional and emerging financial systems. This move is part of a broader strategy by Swift to streamline global transactions, including traditional assets such as securities and new forms of digital assets such as cryptocurrencies. The platform will test delivery-versus-payment (DvP) and payment-versus-payment (PvP) transactions across multiple ledgers, allowing buyers of securities and tokenized assets to transact in real-time within the Swift network.

Interoperability as a cornerstone

One of the main challenges of the tokenized asset industry is the lack of an interoperable framework that enables the connection between different distributed ledger systems (DLT). Often, efforts around real-world assets (RWA), such as tokenized real estate or securities, are fragmented into what have been called “digital islands.” This is largely due to the lack of a globally accepted form of digital money that facilitates interoperability across networks and jurisdictions.

Tom Zschach, Chief Innovation Officer at Swift, emphasized in a statement that: “Digital currencies and tokens have enormous potential to transform the way we all pay and invest in the future. #CBDC #Tokenization #swift #USDC $USDC #MarketSentimentToday