In the SWIFT platform trial to connect markets and DLT

Intesa Sanpaolo, with its IMI Corporate & Investment Banking Division, took part in testing the new SWIFT orchestration platform, a neutral infrastructure connecting traditional capital markets with Distributed Ledger Technology (DLT) networks.

The trials tested the real-time settlement of tokenised instruments, with payments made in both fiat currency and digital currencies on DLT.

The participation in the trial is part of the innovation journey in tokenized capital markets that Intesa Sanpaolo has undertaken in recent years, as part of its exploration of new technologies for settlement in European Central Bank money (Wholesale Central Bank Money Settlement).

The trial’s findings highlighted the benefits – in terms of cost reduction, operational efficiency and faster settlement times – that custodian banks and paying agents can gain from managing tokenised financial instruments (securities such as shares, bonds or funds in the form of tokens on DLT).

Intesa Sanpaolo’s contribution represents a further confirmation of the Bank’s leading role in international initiatives focused on innovation in capital markets, as well as of its commitment to the development of digital finance solutions at a global level.