Swift's Blockchain Network Requires Key Internal Banking Infrastructure, Taurus Warns

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Taurus co-founder Lamine Brahimi has stated that banks require specific internal systems before adopting Swift's tokenized deposit network. He explained that these prerequisites include a proprietary permissioned ledger, specialized wallet tools, and smart-contract capabilities. The comments were made during a discussion about the infrastructure needed for Swift's blockchain-based financial services. This highlights a key technical hurdle for traditional banks seeking to utilize Swift's new network for asset tokenization.

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