Swift Seeks to Expand into Tokenised Asset Market

Fazzaco learned that SWIFT, the world's leading provider of secure financial messaging services, has revealed its intentions to explore expansion into digital asset network.

More specifically, the company is now exploring how it can improve interoperability between participants and systems during the transactional lifecycle of tokenised assets, working in conjunction with Clearstream, Northern Trust, SETL and other market participants.

SWIFT 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.

"As a impartial cooperative with a attain throughout 11,000 establishments in additional than 200 international locations, and oversight by central banks globally, Swift is uniquely positioned to have interaction carefully in the way forward for securities," stated Thomas Zschach, Chief Innovation Officer at Swift. "We look ahead to this set of latest experiments and innovating collaboratively with market contributors on the rising pattern of tokenized property."

As Fazzaco previously reported, SWIFT has announced the appointment of John Hunter​ as Chief Executive of the Americas and U.K. Region.