SWIFT Successfully Completes Trade, Securities, and Foreign Exchange Sandbox Experiments, with Taiwan’s Participation

Global cross-border payment transmission system leader SWIFT has actively embraced blockchain technology in recent years, “connecting digital islands” to seamlessly link central bank digital currencies (CBDCs) on different platforms. SWIFT stated that it has successfully completed the second phase sandbox testing of the interconnection solution for central bank digital currencies (CBDCs) in cooperation with 38 institutions worldwide, including the participation of the Central Bank of Taiwan and banking industry players.

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