Lamine Brahimi

Taurus

2026-10-07 12:03:35

Taurus co-founder says Swift blockchain ledger needs critical internal layers

Lamine Brahimi, co-founder of digital asset infrastructure firm Taurus, said Swift’s blockchain ledger will need key internal layers before it can reach its full potential. He said the technology shows promise, but warned that missing infrastructure inside the system could hold back broader adoption. Brahimi pointed to identity management and data privacy solutions as examples of the layers still needed. Without them, he said, large-scale use may remain limited even if the ledger technology itself is sound. He also said financial institutions will need to confirm that any such system can meet strict regulatory and operational standards before moving ahead. In his view, building those missing layers is central to whether the effort can succeed. The remarks were cited by Techub News, which referenced CoinDesk.

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Taurus

2026-10-07 12:02:39

Taurus co-founder says banks need three capabilities to connect to Swift’s blockchain ledger

Lamine Brahimi, co-founder and managing partner of crypto custody and tokenization firm Taurus, said in an interview with CoinDesk that banks need three core capabilities to connect to Swift’s new blockchain ledger: their own permissioned chain to interact with the Swift ledger, wallet functionality, and tokenization and smart contract capabilities to integrate Swift’s smart contracts. He said the setup shows Swift’s ledger is not meant to replace banks’ internal systems. Instead, it acts as an orchestration layer for cross-border, 24/7 transfers of tokenized deposits, while final settlement still runs through existing arrangements. Brahimi added that banks must continue to hold and manage tokenized deposits, digital asset wallets, and related smart contracts themselves. Swift said in July that 17 banks were preparing real-time tokenized deposit transactions. In August, HSBC and Standard Chartered completed the first real-time interbank transaction, while DBS and Citi later carried out a weekend cross-border U.S. dollar payment that cut settlement time from as long as two business days to minutes.

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