SWIFT says blockchain integration ‘extra believable’ than unifying CBDCs

Financial institution messaging community SWIFT has lately shared a report highlighting how SWIFT can join with blockchains and remedy the difficulty of interoperability between completely different blockchain networks.

In its report titled “Connecting blockchains: Overcoming fragmentation in tokenised property,” SWIFT concluded {that a} extra incremental strategy that interlinks current techniques to blockchains is “extra believable” for market improvement within the close to time period, in comparison with bringing collectively central financial institution digital currencies (CBDCs), tokenized deposits and property in a single unified ledger.

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