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ChainlinkGod on why institutional crypto adoption is accelerating. "Things have really only accelerated. The NYSE announcing tokenization, Larry Fink at Davos talking about how it's going to change everything. Attention on crypto is increasing due to discussions with the Clarity Act getting market structure built through." ChainlinkGod believes institutions...

15,488 views • 5 months ago •via X (Twitter)

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Anyone who tells you that blockchains “eliminate the need for Swift” has no idea what they’re talking about Swift is not a payment network, it’s an interbank messaging network Their SwiftNet private key infrastructure and banking messaging standards like ISO20022 are used by 11,000+ banks globally to facilitate the communication of payment instructions between banks Imagine taking 11,000 banks, who already have private keys and standardized formats for messaging, and connecting them to blockchains in a way they can re-use all of this existing infrastructure and messaging standards That’s exactly what Swift and Chainlink have been working on for years Last year, Swift published a report on how Chainlink CCIP can successfully connect Swift-member banks to any public/private blockchain using their existing infrastructure and messaging standards (12+ of the largest global financial institutions and FMIs were involved): Just yesterday, Swift published an article on how they’re moving forward on real-world solutions that will enable Swift members banks to access/transact with tokenized assets / currencies on the Swift network They note this builds upon their prior work, which they’re now advancing to the next stage (they explicitly link to their work with Chainlink): Swift isn’t going away, and their involvement in the blockchain ecosystem will massively accelerate the adoption of tokenized assets / currencies / stablecoins within the financial system Attached clip of Sergey Nazarov explaining this at Consensus 2024 on stage with Swift’s Jack Pouderoyen (Digital Assets & Currencies at Swift) I wonder how much longer this misconception about blockchain “killing” Swift will continue to persist in our industry I recommend paying attention to Sibos 2024

Zach Rynes | CLG

56,209 views • 1 year ago