Swift, a global provider of secure financial messaging services, has recently conducted groundbreaking experiments to demonstrate its ability to enable seamless transfers of tokenized value across a diverse range of public and private blockchains. This collaboration with leading financial institutions and market infrastructure players has the potential to reduce operational challenges and financial investments required by institutions to support the expansion of tokenized assets.Tokenization has already captured the attention of 97% of institutional investors, as it could usher in a paradigm shift within asset management, with heightened efficiency, reduced operational costs, and fractional ownership. However, one significant challenge investors and institutions face is the management of tokenized assets across various blockchains. The experiments conducted by Swift, in partnership with Chainlink, have successfully showcased its prowess in overcoming this challenge.The successful demonstration of seamless cross-blockchain transfers of tokenized value signifies a significant stride towards overcoming fragmentation and unlocking the full potential of tokenized asset markets. As the industry matures, Swift’s contributions are poised to play a pivotal role in reshaping the landscape of asset management and financial markets.Swift remains committed to collaborating closely with the financial community to identify the most pragmatic use cases for adopting tokenized assets, focusing on facilitating secondary trading of non-listed assets and private markets. This approach aligns with Swift’s broader objective of fostering secure global interoperability amid the emergence of new technologies and platforms.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	8
People	Jennifer Peve, Alain Pochet, Nigel Dobson, Sergey Nazarov
Companies	DTCC, BNP Paribas, Swift, Citi, Chainlink, ANZ
Currencies	None
Securities	None