digital-assets

Swift blockchain ledger requires key internal layers, Taurus co-founder warns

Taurus co-founder Lamine Brahimi said banks must deploy their own permissioned ledgers, wallet infrastructure and tokenization and smart-contract capabilities before they can connect to Swift’s new blockchain-based ledger. Swift’s system acts as an orchestration layer to enable 24/7 cross-border transfers of tokenized deposits while leaving final settlement and banks’ core systems in place.