SWIFT Completes Trade, Securities, and Forex Sandbox Experiments, with Taiwan’s Participation

Global cross-border payment transmission system leader SWIFT has actively embraced blockchain technology in recent years, helping to seamlessly connect CBDCs on different platforms. SWIFT has announced that it has successfully completed the second phase of sandbox testing for the interconnectivity solution for central bank digital currencies (CBDCs) in collaboration with 38 global institutions, including the Central Bank of Taiwan and local banks.