SWIFT Boss Declares War On BlackRock's New Financial Truth
Tom Zschach, the chief innovation officer at SWIFT, has entered the tokenization debate with a profound declaration: tokenization is not a feature upgrade, but "the moment finance stops shuffling claims and starts synchronising truth."
This statement, coming from an executive known for previously dismissing $XRP as a "fax machine," echoes BlackRock CEO Larry Fink's view that the shift is about turning every asset into a programmable, verifiable network. The institutional consensus is forming around a new financial architecture—one based on RWA synchronization.
While Zschach’s prior criticisms of $XRP are clear, the XRPL ecosystem is now directly executing on this "truth synchronization" vision. The XRPL is rapidly becoming a top chain for Real World Assets (RWAs), implementing upgrades like the Multi-Purpose Token (MPT) standard.
This strategy is already yielding massive results. Ripple recently facilitated an off-ramp solution, allowing holders of BlackRock’s $BUIDL and VanEck’s VBILL tokenized funds to exchange shares for the Ripple USD ($RLUSD) stablecoin. The world’s largest financial institutions are integrating blockchain technology, validating the thesis that programmable assets are the future of finance. The transition is happening now, whether legacy systems want to call it a feature upgrade or a fundamental shift.
This is not financial advice.
#Tokenization #RWA #XRP #BlackRock #SWIFT
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