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SWIFT saw crypto taking over YEARS AGO! In this 2023 report, the backbone of global banking said tokenisation could "revolutionise asset management." While identifying fragmentation and interoperability between blockchains as one of the biggest barriers. Think about that,
In a 2023 report, SWIFT, the global banking messaging network, stated that tokenisation, which means turning real-world assets into digital tokens on a blockchain, could revolutionise asset management. It also identified blockchain fragmentation and interoperability as major barriers to adoption.
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What happened
In a 2023 report, SWIFT, the global banking messaging network, stated that tokenisation, which means turning real-world assets into digital tokens on a blockchain, could revolutionise asset management. It also identified blockchain fragmentation and interoperability as major barriers to adoption.
Confirmed
Global impact / market context
SWIFT is the backbone of global banking, so its views on tokenisation signal a possible shift in how financial institutions handle digital assets. If banks adopt tokenised assets, this could increase revenue for blockchain firms and encourage more capital spending on blockchain interoperability solutions.
Analyst inference
This report highlights that blockchain technology is gaining credibility among traditional finance players. If fragmentation between blockchains is resolved, it may increase investor confidence in digital assets, potentially boosting the value of blockchain-related companies and reducing cash availability risks for crypto startups relying on cross-chain operations.
Analyst inference
What to watch
- SWIFT's own 2023 report explicitly identifies fragmentation and interoperability between blockchains as a major barrier. This confirmed point indicates that solution providers in this niche could attract investor interest. Confirmed
- Investors could watch for any new SWIFT initiatives or partnerships aimed at solving blockchain interoperability. This would be a concrete step to test whether the banking network is moving beyond just issuing a report. Proposed
- If banks act on SWIFT's findings, tokenised assets like digital bonds or funds could see broader adoption. This may alter revenue models in asset management, affecting both incumbent firms and new crypto-native competitors. Analyst inference