Swift tokenisation experiments connect multiple blockchains
Banks and FMIs working towards 24/7 global asset trading settlement and servicing
Swift has announced successful experiments into connecting public and private blockchains and transferring tokenised assets.
Though institutional investors reportedly believe in the “revolutionary” potential of tokenisation in asset management, a key challenge is that “tokenised assets are managed on different blockchains, each with its own functionality and liquidity profile”, Swift said in a press release on August 31.
More than a dozen financial institutions and market infrastructures
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