Tom Zschach: The Swift Ledger Is Live And Banks Are Already Using It (Faster Than Anyone Expected)

<p>Three years ago nobody at Swift was thinking about carrying a token across the network and now the ledger is live and banks are settling cross-border payments with their own deposit tokens. Tom Zschach, who was CIO through that shift, cuts through what he says is widespread confusion: the Swift ledger doesn&#39;t do settlement, doesn&#39;t hold custody, and doesn&#39;t issue tokens. It orchestrates the transaction, and the member banks decide where settlement lands. He also confirms the rumors: big announcements are coming at Money 2020.</p><p>Tom Zschach is the former Chief Innovation Officer at Swift.</p><p>The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.</p><p><br></p><p>Timestamps:</p><p>00:00 Intro</p><p>02:39 Unpacking The Swift Ledger</p><p>04:38 Banks Get Another Option</p><p>06:11 It&#39;s Just Finance Now</p><p>07:57 Separating Fact From Fiction</p><p>10:25 What The Ledger Actually Does</p><p>11:53 Why Partnerships Decide This</p><p>13:32 The Rumors Are True</p><p><br></p><p>Guest Socials:</p><p>Tom Zschach X: https://x.com/TomZschach</p><p>Chainlink X: https://x.com/chainlink</p><p>Chainlink Website: https://chain.link/</p><p><br></p><p>Partners: </p><p>If you run concentrated liquidity positions you know the grind. Price moves, you&#39;re out of range, you&#39;re rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua</p><p>---</p><p>Dinari - Over 230 1:1 backed tokenized stocks, ETFs &amp; more with dividends. US-based SEC transfer agent. Available on 5+ chains &amp; via API. https://dinari.com/</p><p>---</p><p>Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data. </p><p>---</p><p>Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.</p><p>Learn more here: https://www.zama.org/</p><p>---</p><p>𝗪𝗲 𝘁𝗿𝘆 𝗼𝘂𝗿 𝗯𝗲𝘀𝘁 𝘁𝗼 𝗽𝗿𝗼𝗱𝘂𝗰𝗲 𝗵𝗶𝗴𝗵-𝗾𝘂𝗮𝗹𝗶𝘁𝘆, 𝗻𝗼𝗻-𝗯𝗶𝗮𝘀𝗲𝗱, 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗰𝗼𝗻𝘁𝗲𝗻𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁𝘀