Northern Trust Corporation has announced a new partnership with Swift as part of Project Acacia, a research initiative led by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC). This collaboration aims to explore the integration of tokenized assets, such as carbon credits, with traditional financial infrastructure in Australia. By utilizing The Northern Trust Carbon Ecosystem™, a digital platform for managing digital carbon credits, the project will simulate a delivery-versus-payment settlement between tokenized assets and fiat currency. This partnership is expected to demonstrate the potential for seamless connectivity between digital asset innovation and core financial systems, marking a significant step towards incorporating digital assets into global capital markets.