Swift unveils new initiative centered on streamlining global RWA trading

The Society for Worldwide Interbank Financial Telecommunication (Swift) has unveiled a new initiative centered on the global trading of real-world assets (RWAs), according to CryptoSlate. Swift intends to test multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions on its global platform. This could enable securities investors to simultaneously pay for and swap tokenized assets in a real-time manner on Swift’s platform. Earlier, in collaboration with 38 institutions around the world, Swift successfully completed the second phase of sandbox testing on a central bank digital currency (CBDC) interlinking solution.