SWIFT’s Completion of Trade, Securities, and Forex Sandbox Experiments Connects Digital Islands, with Taiwan’s Participation
Global cross-border payment transmission system leader SWIFT has been actively embracing blockchain technology in recent years, helping different platforms’ central bank digital currencies (CBDC) seamlessly connect through “connecting digital islands”. SWIFT has announced that it has successfully completed the second phase of sandbox testing for the interconnection solution of central bank digital currencies (CBDC), in collaboration with 38 institutions worldwide, including the Central Bank of Taiwan and banking industry players.
