Swift completes cross-border CBDC settlement pilot

Banque de France, Bundesbank and the MAS among central bank participants


Swift is moving into the second phase of its cross-border central bank digital currency (CBDC) pilot, conducted with 18 central and commercial banks. 

Banque de France, the Deutsche Bundesbank and the Monetary Authority of Singapore, participated in the first phase. Participants conducted trials in a sandbox using APIs and two blockchain networks – Quorum and Corda – as well as a simulated real-time gross settlement network. 

Participants sent 183 payments in the sandbox environment, with 4

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