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Exclusive | Justin Sun eyes ‘Swift’ system for virtual asset sector, praises Hong Kong crypto progress

cryptonews100_tggfrn by cryptonews100_tggfrn
August 31, 2025
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Exclusive | Justin Sun eyes ‘Swift’ system for virtual asset sector, praises Hong Kong crypto progress
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Cryptocurrency entrepreneur Justin Sun says he’s attempting to determine the Tron blockchain, which he based and launched in 2018, because the virtual asset trade’s reply to Swift – the primary messaging community utilized by the worldwide banking system – on the again of a surge in stablecoin transactions world wide.

“I estimate that our facilitated transactions will exceed Swift’s within the subsequent 5 years,” Sun, 35, mentioned in an interview with the South China Morning Publish. He added that the transaction quantity via Tron was already anticipated to achieve US$8 trillion this 12 months.

“Sooner or later, we will simply enhance the transaction quantity to US$300 trillion or US$400 trillion,” Sun mentioned. “It gained’t be a shock if we may deal with transactions 10 instances and even 100 instances bigger than Swift.”

The Belgium-based cooperative formally often called the Society for Worldwide Interbank Monetary Telecommunication, Swift handles about US$150 trillion in cross-border monetary transactions yearly.

Sun identified that Swift is processing transactions in days. By comparability, “Tron is facilitating transactions in seconds”, he mentioned.

His confidence displays the rising affect of the Tron blockchain in stablecoin transactions globally. Stablecoins are a kind of cryptocurrency that has a hard and fast worth by being pegged to a reference asset, such because the US greenback.



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