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SWIFT will test how it might play a role in asset tokenization next year

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is planning to conduct a trial early next year that will see the global payments intermediary explore how it may play a role in the nascent asset tokenization market. “SWIFT, Clearstream, Northern Trust, SETL and other industry participants are exploring the feasibility and benefits of SWIFT as an interconnector, linking up multiple tokenisation platforms and various cash-leg payment types,” SWIFT said in a blog post published on December 1, noting: “As interest …