Swift is taking a novel approach to digital asset standardization that addresses one of the industry’s biggest challenges: the proliferation of incompatible blockchains. Rather than developing abstract frameworks, the messaging network is starting with a concrete use case in the Eurobond market.
Last week Clearstream and Euroclear jointly agreed on standards for digitizing Eurobonds, aligned with ICMA’s bond data taxonomy. The two international central securities depositories also said they are working on tokenization standards in partnership with Swift.
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.
