Sunday, June 15, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Global Digital Asset Trials Begin

Simon Osuji by Simon Osuji
October 4, 2024
in Business
0
Global Digital Asset Trials Begin
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

SWIFT digital asset transactions are set to transform finance as global trials start in 2025. The SWIFT network will integrate with tokenized assets, marking a key moment in digital finance.

Also Read: Urgent: USD Collapse, Jack Mallers & Elon Musk Warn of U.S. Bankruptcy!

SWIFT Network’s Integration with Tokenized Assets and Global Digital Asset Trials

Connecting Banks Worldwide

SWIFT plans to enable over 11,000 banks to handle digital asset transactions next year. This move will link traditional banking with digital assets.

David Pinger, CEO of Warden Protocol, said:

“Connecting traditional financial systems with decentralized platforms will accelerate the adoption of tokenized assets by providing a major inflow of capital from traditional finance. It will also act as a catalyst for tokenization, closing the gap for institutional investors, making digital assets conceptually easier to integrate into existing systems.”

Tackling Privacy Issues

The trials face challenges like regulatory differences and privacy concerns. Will Wendt from Oasis Protocol noted:

“I believe SWIFT’s initiative will bring us closer to achieving Web3’s confidentiality goals. Currently, Web3 networks… are transparent regarding payments, allowing anyone to view wallet addresses and transaction histories. This level of transparency may not align with the needs of traditional banks that rely on SWIFT.”

Also Read: Ripple: Bitwise Filing Ignites XRP’s Bullish Potential, Data Shows

A Unified Platform

SWIFT aims to create a single access point between traditional finance and digital assets. This could boost tokenized asset adoption and improve cross-border payments.

Tom Zschach of SWIFT also stated:

“For digital assets and currencies to succeed on a global scale, it’s critical that they can seamlessly coexist with traditional forms of money. With our vast global reach, we are uniquely positioned to bridge both emerging and established forms of value, and we’re now focused on demonstrating this in real-world, mainstream applications.”

Future Impact

These trials could reshape global finance. By linking traditional banking and digital assets, SWIFT may speed up tokenized asset adoption in mainstream finance.

Also Read: JP Morgan Alert: Gold & Bitcoin Surge as Debasement Trade Heats Up

The outcome of these trials may define the future of digital asset transactions in global banking. It could usher in a new era of financial innovation.

Source link

Related posts

Bill Gates praises Burkina Faso, Mali, and Niger’s strong health systems, urges Nigeria to catch up

Bill Gates praises Burkina Faso, Mali, and Niger’s strong health systems, urges Nigeria to catch up

June 15, 2025
Denmark allocates millions of dollars to attract African students in strategic immigration program

Denmark allocates millions of dollars to attract African students in strategic immigration program

June 15, 2025
Previous Post

Ethereum Drops 15% Amid Middle East Crisis: Key Insights for Traders

Next Post

SA Navy platform non-availability blamed on Armscor dockyard

Next Post
SA Navy platform non-availability blamed on Armscor dockyard

SA Navy platform non-availability blamed on Armscor dockyard

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

15 Best Deals at Best Buy’s Black Friday Sale (2023)

15 Best Deals at Best Buy’s Black Friday Sale (2023)

2 years ago
Philippines OKs $35B ‘Re-Horizon 3’ Military Modernization Plan

Philippines OKs $35B ‘Re-Horizon 3’ Military Modernization Plan

1 year ago
Tanzania inflation drops to 3.6pc, central bank says

Tanzania inflation drops to 3.6pc, central bank says

2 years ago
South Korean Debt Collectors Coming for Crypto

South Korean Debt Collectors Coming for Crypto

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.