Last week at the Hong Kong Blockchain Week, Ran NeuNer of CNBC’s CryptoTrader interviewed Lisa O’Connor, SWIFT’s head of capital markets & standards for Asia/Pacific. One of the takeaways is that SWIFT could potentially leverage its platform and network to help to connect different blockchains. “What we would like to be in the future is a platform that helps connect our members up to the best of these blockchain solutions,” said O’Connor.
Its 11,000 members own SWIFT. Many associate SWIFT with payments, but it’s more about facilitating the messaging of payments between organizations, rather than making payments. They’re also the registration authority for certain ISO standards that define how financial institutions communicate with each other, not just for payments. In particular,
IS20022 defines rules for payments, securities, trade finance, cards and foreign exchange.
In brief
looking at DLT selectively. Proxy voting and working with ASX previously announced
could potentially connect to new DLT infrastructures such as multilateral netting
re XRP threat, Real-time already. SWIFT GPI numbers speak for themselves.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
Image Copyright: SWIFT
