Swift News

Japanese financial giants MUFG Bank, Mizuho Financial Group, and SMBC are set to test cross-border stablecoin transfers, leveraging SWIFT’s API. Three of Japan‘s largest financial institutions — Mitsubishi UFJ Financial Group, Mizuho Financial Group, and Sumitomo Mitsui Financial Group —…

The Universal Digital Payments Network has announced the integration of the Australian Digital Dollar into its platform, expanding its support for regulated stablecoins. Launched in Davos as a bridge between centralized and decentralized digital currency systems, the Universal Digital Payments…

SWIFT aims to launch a new platform in the next two years to connect central bank digital currencies to the existing finance system in a bid to boost the CBDC ecosystem. Global financial messaging network SWIFT is planning to launch…

After winning its lawsuit, the Bearable Bull thinks Ripple and XRP are primed for mainstream adoption starting November 19.

Swift says it will test CBDC interoperability alongside three central banks to explore further use cases. Interbank messaging company Swift has entered the second phase of its sandbox experiments with a central bank digital currency (CBDC) as “interest in interoperability…

Swift has shared key findings from its recent experiments on blockchain compatibility

Fintech firm Six Clovers has introduced the Versal Network, a platform built on the Sui blockchain, to enhance the speed, security, and cost-effectiveness of cross-border payments.

SWIFT, the global financial messaging service, is partnering with major banks and Chainlink, a web3 infrastructure provider, to test the integration of public and private blockchains for global banking.

The Digital Currency Monetary Authority (DCMA) has announced the launch of its Universal Monetary Unit (UMU) dubbed Unicoin.

Xapo Bank has announced that its members can now directly deposit and withdraw their USDC stablecoins on its regulated banking platform.

Swift's phase two CBDC pilot program is set to revolutionize cross-border payments by exploring the potential benefits and challenges of integrating digital currencies with Swift's platform.

SWIFT has announced the successful completion of the digital asset tokenization pilot it began late last year in collaboration with SETL, Northern Trust, and ClearStream. The project aims to foster interoperability in the asset tokenization ecosystem, according to a press…

SWIFT, the global messaging system used by financial institutions, announced a collaboration with Symbiont to deliver more accurate data to financial companies via blockchain technology.

A Nostro account is a system that allows a bank to hold foreign currency in another bank. For instance, a US bank may hold some Pounds(UK currency) in a UK-based bank.  The Ideology That Fuels Nostro Accounts The whole idea…

Through a collaboration with Capgemini, SWIFT has announced that it wants to explore the possibility of interlinking domestic and international CBDCs. The move will allow for the seamless cross-border payments of digital currencies. Addressing the CBDC Fragmentation Issue The number…

A newly launched coalition is making transferring cryptocurrencies easier, with the latter infamous for long, oft-complex alphanumeric addresses that lead to misplaced transfers and lost assets. Reaching 100 Million Users On June 18, over 40 technology and crypto-centric companies joined…