Crypto News On July 9, 2026, SWIFT switched on a blockchain-based shared ledger with 17 of the world’s largest banks — including Citi, HSBC, UBS and BNP | Bitget crypto news!
- SWIFT has launched a blockchain-based ledger with 17 major banks, focusing on tokenized deposits rather than stablecoins like Tether and USDC, signaling a direct challenge to the stablecoin market.
- The article highlights a parallel shift in DeFi with smart contract vaults and the increasing role of Big Tech in providing infrastructure for tokenized assets, positioning them as neutral suppliers.
- The piece concludes that the financial world's money layer is being rebuilt around tokenization, with an ongoing competition between banks issuing insured deposits and stablecoin issuers for control of the digital dollar.
Topics: Asset types, Infrastructure providers, Integration with defi, Stablecoins digital cash, Tokenization platforms, Rwa collateral lending
Tags: #swift #tokenizeddeposits #stablecoins #usdc #tether #hyperledgerbesu #decentralizedfinance #aave #bigtech #jpysc
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