“SWIFT Breaks Digital Isolation with Trade, Securities, and Forex Sandbox Experiments, Taiwan Joins In”

Global cross-border payment transmission system leader SWIFT has been actively embracing blockchain technology in recent years, “connecting digital islands” to seamlessly integrate Central Bank Digital Currencies (CBDCs) on different platforms. SWIFT stated that it has successfully completed the second phase sandbox testing for the interconnection solution of Central Bank Digital Currencies (CBDCs) with the collaboration of 38 global institutions, including the participation of the Central Bank and banking industry in Taiwan.