“For CBDCs, our solution will enable central banks to connect their own networks simply and directly to all the other payments systems in the world through a single gateway,” said chief information officer Tom Zschach.
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On Oct. 5, the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, announced that it had successfully moved central bank digital currencies and tokenized assets on existing financial infrastructure through two separate experiments. According to SWIFT, the results demonstrated that “CBDCs can be rapidly deployed at scale to facilitate trade and investment between more than 200 countries and territories around the world.”
SWIFT is a Belgian messaging system that connects over 11,500 financial institutions worldwide and plays a paramount r
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