SWIFT Successfully Completes Trade, Securities, and Forex Sandbox Experiments to “Connect Digital Islands”, with Taiwan’s Participation.

Global cross-border payment transmission leader SWIFT has been actively embracing blockchain technology in recent years to “connect digital islands” and facilitate seamless integration of Central Bank Digital Currencies (CBDCs) across different platforms. SWIFT has announced that it has successfully completed the second phase of sandbox testing for its interconnectivity solution for Central Bank Digital Currencies (CBDCs) in collaboration with 38 institutions worldwide, including the Central Bank and banking industry in Taiwan.