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

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't do settlement, doesn't hold custody, and doesn'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.

Tom Zschach is the former Chief Innovation Officer at Swift.

The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.