Image by Ledger Insights
Today Swift outlined its vision for digital assets and payments. That includes potentially supporting the settlement of digital asset transactions using the Swift network.
However, the first step will be to enable “multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions on Swift’s secure, global platform.”
Many view a lack of regulated on-chain cash as holding back the progress of DLT and regulated digital assets. Hence, the current ECB trials for wholesale DLT settlement, which involve both linkages to existing payment systems, such as a Trigger solution, and a wholesale CBDC. Recognizing this, Swift is exploring ways to enable tokenized asset settlement with the cash leg using fiat currencies. This solution could migrate to CBDC or tokenized deposits as more of them come on line.
Retrieved from: https://www.ledgerinsights.com/swift-plans-to-settle-digital-securities-transactions-using-swift-payments/
