The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has recently articulated its vision for integrating with a tokenized future, emphasizing the crucial role of a messaging layer within tokenized payment systems. This approach is designed to merge the solid strengths of the messaging services of SWIFT with the creative potential of shared ledger technology.
CBDC DAILY: #Swift promotes the concept of a universal shared ledger. But based on messaging
I respect Swift, but the future will not look like the past.#CBDC #FinTech@efipm@Kiffmeister@sonjadav@Jonas__Gross@conrad_kraft@JoshuaLipskyhttps://t.co/lo2fPfBicK
— Richard Turrin (@richardturrin) March 22, 2024
SWIFT’s Stance on Tokenization and Shared Ledgers
SWIFT has observed rapid advancements in fintech, particularly in the area of tokenization and the development of shared ledger models. The organization, as a result, recognizes the ability of shared infrastructure to deliver live balance updates to all parti
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