The experiments sought to overcome the challenges of interoperability faced by investors and financial institutions trading on different blockchains with varying liquidity profiles and functions.
This group have previously needed to build and instate connections between blockchains, but the experiments have now shown that this can be completed with Swift’s existing infrastructure.
In collaboration with several major financial institutions, including BNY Mellon, Citi and Euroclear, Swift conducted three different types of transfers using simulated tokenised assets.
