Litecoin

Swift, the global payments cooperative, is launching expansive trials to enable central and commercial banks to use its network for transactions involving digital currencies and assets. These pilots aim to demonstrate Swift’s ability to facilitate value transfers between more than four billion accounts across 200 countries. 
Swift has already shown it can transfer tokenized value across both public and private blockchains, connect central bank digital currencies (CBDCs) globally, and integrate multiple digital and cash asset networks.&nbsp; 
According to the <a href="https://www.swift.com/news-events/press-releases/global-banks-use-swift-trialling-live-digital-asset-transactions-2025" target="_blank" rel="noreferrer noopener nofollow">Blog Post</a>, the new trials will focus on how Swift can provide financial institutions with a single access point for various digital asset classes and currencies. This will pave the way for seamless integration into the broader financial system. 
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The trials will initially target payments, foreign exchange (FX), securities, and trade transactions, exploring how multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) can be achieved. 
As the demand for CBDCs grows, with 134 countries exploring their implementation, the tokenized asset market is expected to hit $16 trillion by 2030. However, the increasing number of isolated digital platforms has created a fragmented system, hindering global adoption.&nbsp; 
Swift’s trials aim to connect these platforms with existing fiat currencies, offering seamless transactions using existing infrastructure. 
Tom Zschach, Swift’s Chief Innovation Officer, emphasized, “For digital assets and currencies to succeed on a global scale, it’s critical that they can seamlessly coexist with traditional forms of money.” 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/10/02/moneygram-launches-litecoin-trading-service-for-u-s-customers/" target="_blank" rel="noreferrer noopener">MoneyGram Launches Litecoin Trading Service for U.S. Customers</a> 
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Swift Trials Digital Currency Transfers Across 200 Nations

The Crypto Times

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