SWIFT’s New Blockchain Pilot Project Aims to Drive Efficiency Around Corporate Events

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Tyler Moore

The secure financial messaging system has similar pilot projects in asset tokenization and CBDC interoperability. Leading secure financial messaging system SWIFT is testing out blockchain in a pilot project with fintech company Symbiont Inc. Previously, SWIFT explored ways how to enter the central bank digital currency space. The collaboration aims at driving efficiencies in the transmission of data related to corporate events like dividend payments and mergers, a Bloomberg report said, adding that Citigroup, Vanguard, and Northern Trust will also participate in the project.