Crypto's Biggest Trial Yet?
Weekly Recap: SWIFT's crypto trial, SEC's big appeal.
On Thursday, SWIFT, the largest global payments network governed by financial institutions and G10 central banks, announced it would trial using its platform to settle digital assets, potentially advancing the integration of public and private blockchains with the global financial system.
This follows successful experiments with Chainlink and Ethereum's Sepolia network, where SWIFT explored how traditional financial institutions can utilize blockchains. The trials will test transfers of tokenized assets like FX and securities, and if successful, could mark a turning point for the use of public blockchains in major financial networks.
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David Christopher
David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.
