Global cross-border payment transmission leader SWIFT has been actively embracing blockchain technology in recent years, “connecting digital islands” to seamlessly link CBDCs on different platforms. SWIFT stated that it has successfully completed the second phase sandbox testing of the interconnection solution for central bank digital currencies (CBDCs) in collaboration with 38 institutions worldwide, including the Central Bank of Taiwan and banking industry participants.
SWIFT Connects Digital Islands: Successfully Conducts Sandbox Experiments in Trade, Securities, and Forex, with Taiwan's Participation