The world needs to prepare, a report from HSBC (in comments) suggests that the market capitalization of existing and new tokenized asset classes will reach unprecedented levels in the next 5 years.
#digitalassets market is growing, not as much as #digitalcurrencies and more so #crytocurrencies.
SWIFT has been preparing, like most of the other players in traditional finance. They teamed up with a bunch of players to test the possibilities in settlement of tokenized assets (Clearstream, Northern Trust Corporation and DLT specialist SETL).
Digital currencies of all sorts, regulated(#cbdc, some #stablecoins ) and unregulated (#crypto , most of the stablecoins) will be part of the equation.
If SWIFT realises this, supposedly being one of the slowest moving organizations, then I believe things are getting serious.
* Everything is being reconsidered through the lens of tokenization (use cases being worked on for #nfts are very unique and interesting).
* #web3 and the ecosystem being build around it will support this growth further.
Existing network players like SWIFT (a co-operative of banks) are positioned well to adapt and even lead. But making and sustaining a pivot like this would be challenging. Looking forward to how SWIFT plays in this game.