SWIFT completes sandbox experiments for trade, securities, and foreign exchange, connecting digital islands – Taiwan also participates.

Global cross-border payment transmission system leader SWIFT has actively embraced blockchain technology in recent years, helping different platforms’ central bank digital currencies (CBDC) seamlessly connect by “connecting digital islands.” SWIFT stated 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 global institutions, including the participation of the Central Bank of Taiwan and banking industry players.