Xiaonan Zou’s Post

Great to see Arf going from strength to strength & firing straight past $2Bn on-chain volumes. The company has come on leaps and bounds since I first got to know Ali Erhat N. & team a couple of years back. #stablecoins #fintech #teamwork

Understanding SWIFT: The Backbone of Global Financial Communication When you send money internationally, there’s a secure, behind-the-scenes system making it all happen: SWIFT. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) connects over 11,000 financial institutions in more than 200 countries, enabling secure, standardized communication for cross-border transactions. What is SWIFT? Founded in 1973, SWIFT facilitates the transfer of financial messages between banks. While it doesn’t process payments directly, it ensures that payment instructions are communicated safely and efficiently. How Does SWIFT Work? Initiation: Your bank generates a SWIFT message containing the transaction details. Transmission: The message is securely sent to the recipient bank. Processing: The recipient bank processes the payment. Confirmation: The recipient bank confirms the transaction back to the sending bank. All this communication is encrypted to maintain data integrity and security. Why SWIFT Matters Speed & Efficiency: Near-instantaneous communication of financial messages. Security: Cutting-edge encryption to protect sensitive data. Global Reach: It connects financial institutions globally, enabling international trade and transactions. Standardization: SWIFT’s standardized message formats reduce errors and improve clarity. SWIFT vs. Other Payment Systems Unlike SEPA (focused on euro payments) or Fedwire (U.S.-based large-value payments), SWIFT is a universal platform for cross-border payments, making it indispensable to global finance. The Future of SWIFT While blockchain and other technologies are emerging as competitors, SWIFT remains the preferred system due to its security, trust, and long-standing global network. SWIFT is also modernizing with initiatives like SWIFT GPI to make payments faster and more transparent. For anyone in finance, understanding SWIFT is essential. It’s the backbone of global financial communication, enabling secure, efficient, and standardized transactions worldwide. #SWIFT #Finance #GlobalFinance #FinancialCommunication #Banking #InvestmentBanking #CrossBorderPayments #FinTech #Blockchain #SWIFTGPI #FinancialServices #Payments #BankingTechnology #DigitalTransformation #GlobalEconomy #FinTechInnovation

Mastercard, a prominent entity in payment processing and settlements, has embarked on a collaborative initiative with major U.S. banks, including Citi, JPMorgan, Swift, TD Bank N.A., U.S. Bank, USDF, Wells Fargo, Visa, and Zions Bancorp, to explore the potential of tokenized banking settlements. This initiative leverages a novel shared-ledger technology known as the Regulated Settlement Network (RSN). RSN facilitates the conversion of various assets into tokens, allowing them to be settled on a distributed ledger, thereby enhancing the efficiency of settlement processes. Traditionally, securities and assets are managed by disparate systems, leading to disjointed settlement operations. RSN proposes a unified platform for the collective settlement of tokenized assets, including Treasurys, investment-grade debt instruments, and commercial bank money. This proof-of-concept trial, focusing on settlements in U.S. dollars, extends a 12-week pilot that commenced in late 2022, initially concentrating on cross-border and domestic dollar transactions among banks. The Head of Blockchain and Digital Assets at Mastercard underscored the transformative potential of this technology, stating, "The application of shared ledger technology to dollar settlements could usher in the next generation of market infrastructures—characterized by programmable settlements that are continuous and free from friction."

Powered by Triple-A, DCS Card Centre Customers Can Now Top Up DCS Virtual Accounts Using Digital Assets Read more: https://lnkd.in/dPgYCr7J #TripleA #DCSCardCentre #DigitalAssets #VirtualAccounts #FintechInnovation #DigitalPayments #BlockchainTechnology #FinancialServices #finance #fintech #FinancialIT

As the march of digital money continues, it's interesting to see signs of the integration of digital money with current state financial technology. This example of JPM coin integrating with the Kyribas cloud-based treasury application (and its 3,000 customers) is likely one of many such integrations as 24x7 always-on low cost digital money solutions propagate, especially as cross-bank shared ledger approaches (RLN, Partior etc) propagate alongside stablecoin growth. Philip Enness Basak Toprak #tokenisation #ccaf #stabelcoin https://lnkd.in/eXQdEegq

Its exciting to see how blockchains make their way into improving efficiencies in the traditional finance

"Without a globally accepted #digital form of #money, the #cashleg in the execution of #DvP #settlement is particularly challenging," states Swift. "So we’re looking at ways to connect #tokenisedasset #settlement with the corresponding #payment #transfer taking place on the #SwiftNetwork. The payment leg will initially be made using existing #fiatcurrencies, but will later be able to use tokenised forms of money, such as #CBDCs, #tokenised #commercialbankmoney, or #regulated #stablecoins." #tokenisation #tokenization #tokenizationoffinance #financetokenisation #assettokenization #tokenizedasset

Stablecoin payments provider BVNK has launched US dollar payments via Swift, enabling global businesses to access its stablecoin services. Find out more below with comments from BVNK Director of Product and Core Banking, Maxim Ivanov. #Payments #Stablecoins #Fintech

As digital wallets evolve, they’re no longer just personal payment tool. In partnership with i-payout, The Global Treasurer's latest feature, "Wallets Without Borders," explores how #eWallets are transforming liquidity management, cross-border transactions, and financial security for multinational corporations. Key takeaways: 🌐 Global Reach: eWallets now enable seamless, real-time international payments, reducing dependence on traditional banking. 💸 Efficiency: Real-time fund allocation and multi-currency support give treasury teams flexibility traditional systems can’t match. 🔒 Enhanced Security: With advanced fraud prevention, eWallets meet corporate demands for data protection and regulatory compliance. This shift that could redefine how finance teams operate across borders. As these tools advance with #AI and #blockchain, what’s next for corporate #eWallets? https://lnkd.in/e_U4vCkw #DigitalWallets #FinTech #CorporateFinance #LiquidityManagement #GlobalTreasurer #CrossBorderPayments #FinanceInnovation

SWIFT's initiative to facilitate interoperability between CBDCs and tokenized assets is promising, but challenges remain. The complexity of multi-ledger settlement and the nascent stage of #CBDC adoption globally could slow down implementation. The transition from fiat to tokenized forms of money (CBDCs, stablecoins) within their network is ambitious but will require significant collaboration with central banks and regulators. #SWIFT has a robust global network, and proven successful experience in managing mega-projects involving numerous partners with different statuses and interests. There is no doubt about it. But the evolving standards and readiness of financial institutions for these innovations could impact its ability to scale solutions swiftly. Furthermore, the pioneering experiments underway in Europe of multi-ledger DVP e.g. Project Ion (Deutsche Börse); Project Stella (ECB and Bank of Japan); Project Helvetia (Swiss National Bank) do not envisage a full-scale launch before 3 to 5 years.