SWIFT Successfully Completes Trade, Securities, and Forex Sandbox Experiments Enabling “Digital Isolation” Connectivity, with Taiwan’s Participation

Global cross-border payment transmission system leader SWIFT has actively embraced blockchain technology in recent years, helping different platforms for Central Bank Digital Currencies (CBDC) to seamlessly connect and integrate. SWIFT has announced that it has successfully completed the second phase sandbox testing for the interconnection solution of Central Bank Digital Currencies (CBDC) in collaboration with 38 global institutions, including the participation of the Central Bank of Taiwan and banking industry players.