The Takeaway: Banks in particular are increasingly interested in tokenization, and having the interbank communications standard, Swift, already engaged in pilot programs is affirmative. “For tokenization to reach its potential, institutions will need to be able to seamlessly connect with the whole financial ecosystem. Our experiments have demonstrated clearly that existing secure and trusted Swift infrastructure can provide that central point of connectivity, removing a huge hurdle in the development of tokenization and unlocking its potential,” Tom Zschach, chief innovation officer at Swift said in a press statement.
Related posts
-
Tokenization might not be as big in 2030 as you think. Here’s why
It took almost nine years for Bitcoin to hit $10,000 for the first time, and a... -
Elmnts Emerges From Stealth With Plans to Launch Commodity Tokenization Platform
Elmnts, a new blockchain-based venture, has announced the forthcoming... -
Investcorp and Securitize Launch Fund Tokenization Partnership
“This partnership with Securitize continues Investcorp’s strong legacy as an innovator in alternative investments,” said Anthony...