TechFlow news: Global financial messaging network Swift is building real-world solutions to connect fiat currencies with various forms of tokenized assets. Swift says this is part of its vision to enable users to access both existing and emerging asset types. The solution could allow securities buyers to make real-time payments and exchange tokenized assets over the Swift network.
Swift plans to test multi-ledger delivery-versus-payment (DvP) and payment-versus-payment (PvP) transactions on its platform.
Swift stated that the payment leg will initially use fiat currency, but in the future will support digital assets such as central bank digital currencies (CBDCs) or regulated stablecoins. Additionally, Swift has partnered with Web3 services firm Chainlink to connect its network to the Ethereum Sepolia testnet.
