Tokenization was supposed to disrupt global capital markets, but it ended in an unexpected compromise: permissionless rails carrying permissioned finance. A deep dive into SEC equity rules, European wholesale settlement, and why crypto’s plumbing is being absorbed to reinforce legacy finance.

The pilot successfully proved that tokenized funds can settle through Swift's traditional payment network, while Project Guardian gets more trials and members.

Global financial leaders converge to explore the future of finance, with ISO 20022, digital assets, China's digital yuan and cross-border payment innovations taking center stage.

SWIFT's take on unified ledgers, IMF's CBDC research and Brazil DREX vision. In the tokenization segment, Visa unveils a new tokenization platform that'll allow central banks and financial institutions to launch their own stablecoins.

A new currency for Zimbabwe plus the rest of the week's banking and CBDC news from Observers.

Swift, which has long been international banking’s preferred cross-border payments messaging system of choice, has published the results of an investigation into connecting traditional banks to the myriad of blockchain choices in order to leverage tokenized assets.

The bankers are finally coming around to the fact that blockchain technology is a far more efficient vehicle for the transfer of wealth. So now they’re trying to come up with ways to stop that wealth from transferring away from them.

SWIFT completes another phase of its CBDC trials. The focus is on cross-border settlements between different CBDCs. The conclusion so far is that their existing systems can handle it.