PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

SWIFT to Pilot Issuance, DVP, and Redemption of Tokenized Assets

Tim Sloane by Tim Sloane
December 23, 2021
in Analysts Coverage, Tokenization
0
crypto token SWIFT to Pilot Issuance, DVP, and Redemption of Tokenize Assets, tokenization

SWIFT to Pilot Issuance, DVP, and Redemption of Tokenized Assets

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

SETL will provide the technology and organize a pilot of tokenized asset management between SWIFT, Clearstream, Northern Trust, and others using traditional payment mechanisms and central bank digital currencies. Distributed ledger technology appears well-suited to the problem of delivery versus payment process which requires both the payment and the delivery of a security be guaranteed:

“SETL announces that it will be working with SWIFT on an innovation pilot, as the cooperative explores how it can support interoperability in developing the tokenised asset market. In a series of experiments early next year, SETL, SWIFT, Clearstream, Northern Trust and other market participants will explore the issuance, delivery versus payment (DVP), and redemption processes to support a frictionless and seamless tokenised asset market. The experiments will use both established forms of payment and central bank digital currencies (CBDCs).

The market for tokenised assets is expected to reach 24 trillion USD by 2027. In response, SWIFT is undertaking a series of experiments alongside market participants from the tokenised and traditional asset ecosystem to explore how it can support the growth and development of the tokenised asset market. One of the critical risks in a world where tokenised and traditional assets co-exist is creating various technologies, platforms and regulatory environments. SWIFT’s focus will therefore be on ensuring interoperability, interconnecting market participants and simplifying their operations by completing activities centrally that would otherwise be performed bilaterally between institutions.”

Overview by Tim Sloane, VP, Payments Innovation at Mercator Advisory Group

Tags: CBDCCentral Bank Digital Currencydigital assetssecuritiesSwiftTokenization
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    digital payments

    Navigating the Future: Top Digital Payment Trends to Watch

    March 31, 2023
    scams

    As Scams Become Omnipresent, New Tools Can Help FIs Fight Back

    March 30, 2023
    item clearing

    As Check Volumes Decrease, Financial Institutions Need to Consider Alternative Clearing Options

    March 29, 2023
    payments friction

    Too Much Payments Friction Can Lead to Customer Chafing

    March 28, 2023
    online fraud

    Understanding the Cost of Online Fraud and How to Prevent It

    March 27, 2023
    live shopping, ebay

    Q&A: eBay Exec on Live Shopping and the Future of Payments

    March 24, 2023
    AI and Biometrics in Regulatory Compliance in Finance

    The Importance of AI and Biometrics in Regulatory Compliance in Finance

    March 23, 2023
    Everyone Benefits from the Real-Time Payment Networks  

    Everyone Benefits from the Real-Time Payment Networks  

    March 22, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result