Odaily Planet Daily News According to official news, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is testing innovative CBDC interconnection solutions with the Hong Kong Monetary Authority (HKMA) and the National Bank of Kazakhstan. It has now entered a new stage of sandbox testing and will solve The solution is integrated with the infrastructure of each region for direct testing.
In addition, SWIFT launches the second phase of sandbox testing, and commercial banks, central banks and financial market infrastructure are exploring other use cases, including trigger-based payments for digital trading platforms, foreign exchange models, delivery and payments, and liquidity savings mechanisms. More than 30 institutions cooperating in the second phase include the Reserve Bank of Australia, Deutsche Bundesbank, Hong Kong Monetary Authority, Bank of Thailand, etc.