Swift, the world's largest financial infrastructure, achieves an innovative milestone by seamlessly connecting multiple blockchains for the global movement of tokenized assets.

With more than 11,000 entities in over 200 countries, Swift's commitment to innovation is evident in its integration of public and private blockchain technology.

These efforts highlight the potential of existing financial infrastructure in blockchain integration, reducing friction in tokenized asset markets and allowing global scalability.

97% of institutional investors anticipate a revolutionary impact on asset management

- Cost reduction
- Improved efficiency
- New opportunities for investors through fractional ownership

Swift intends to shape the future of international banking with blockchain tokenization. The CCIP protocol facilitates the transfer of tokens across multiple blockchain networks while maintaining open standards for greater interoperability.

Tokenization in the international banking sector brings notable benefits:

- Ensures the security of fraud-resistant transactions.
- Reduces the costs and time of cross-border transactions.
- Increase transparency to combat corruption and money

Swift emphasizes the need to improve data privacy and explores authorized public records and privacy-improving technologies, such as zero-knowledge proofs.

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Secondary trading

Swift states that it will continue to collaborate with the financial community to discern more specific use cases for the adoption of symbolic assets. They predict that the most convincing case in the short term will be the secondary trading of unquoted assets (!) and private markets.

Main objectives (see the numbers in the Ebook):

- Unify technology and business for seamless network engagement
- Explore the value and adaptability of blockchain interoperability
- Demonstrate secure and scalable blockchain integration with Swift

Swift's successes pave the way for a global system of interoperability between blockchain and traditional finance.

In additional blockchain tokenization efforts:

- In 2022: Tokenized securities tested on the Ethereum test network.
- In 2023: Established a blockchain innovation center for financial tokenization.
- Collaborating with the European Banking Supervisory Board (CEBS) on asset tokenization guidelines.

Swift's work alongside its partners is ready to ensure that the platform is well prepared to handle CBDC transfers and all forms of tokenization. Swift has been actively involved in this project since 2022.

“Our tests showed that the Swift infrastructure can provide that central point of connectivity, removing a significant obstacle in the development of tokenization and unlocking its potential.” said Tom Zschach, Swift's Director of Innovation.