{"id":51850,"date":"2025-10-09T04:31:35","date_gmt":"2025-10-09T04:31:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=51850"},"modified":"2025-10-09T04:31:35","modified_gmt":"2025-10-09T04:31:35","slug":"ethereum-landed-its-biggest-partner-yet-swift-confirms-joe-lubin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=51850","title":{"rendered":"Ethereum Landed Its Biggest Partner Yet \u2014 SWIFT, Confirms Joe Lubin"},"content":{"rendered":"
\n

Ethereum co-founder and ConsenSys chief Joseph Lubin appeared on Bloomberg Crypto on October 7 and confirmed that ConsenSys is building the prototype for SWIFT\u2019s new blockchain-based shared ledger\u2014an initiative that, according to SWIFT\u2019s own announcement last week at Sibos in Frankfurt, will bolt a permissioned, always-on ledger into the global messaging cooperative\u2019s infrastructure and natively integrate ISO 20022 financial messaging.<\/p>\n

SWIFT Builds On Ethereum<\/h2>\n

Lubin said<\/a> the first build \u201cwill most definitely implement messaging, financial messaging using ISO 20022,\u201d adding that while SWIFT itself is \u201ccareful to stay in their lane and focus on the messaging part,\u201d some participating banks are \u201cinterested in potentially diving down into settlement layers.\u201d<\/p>\n

\u201cI have to be careful about what I say. It is a project that we\u2019re building out. There will be technologists on their side and lots on our side. And I\u2019m glad that you called it a prototype, because that\u2019s what it is,\u201d the ConsenSys founder added.<\/p>\n

He declined to give a deployment timeline. \u201cI do have an idea of what sort of timeline, and I can\u2019t say too much about it. We\u2019re defining what we believe will be the end state, and we\u2019re backing that out, so I don\u2019t know if SWIFT will be comfortable releasing the timeline at this point,\u201d Lubin said.<\/p>\n

SWIFT\u2019s move\u2014framed explicitly as a shared ledger<\/a> that records, sequences and validates transactions\u2014was unveiled on September 29, with the cooperative stressing that the project aims to deliver instant, 24\/7 cross-border transactions at global scale and to accelerate \u201cthe transition to digital finance\u201d while remaining asset-agnostic and interoperable with public and private networks. The formal materials did not name a base chain, but they did name ConsenSys as a core technology partner and emphasized ISO 20022<\/a> compliance and smart-contract-enforced business rules.<\/p>\n

In his Bloomberg interview, Lubin underscored a broader strategic shift: the long-standing separation between \u201cTradFi\u201d and \u201cDeFi\u201d is breaking down. \u201cSince the start of Ethereum, we had to stay on our own rail\u2026 the vibe in Frankfurt was very different,\u201d he said, describing overwhelmingly positive bank feedback and calling it \u201cabout time for TradFi to merge or make use of DeFi.\u201d He also characterized the current build as a true prototype with technologists \u201con their side and lots on our side,\u201d reiterating that SWIFT would control the messaging scope while banks explore deeper layers like atomic settlement.<\/p>\n

What \u201cUsing Ethereum\u201d Means In Practice<\/h2>\n

While SWIFT has not officially specified the underlying chain in its press releases, multiple industry reports following Sibos and subsequent public remarks by Lubin say the prototype will run on Ethereum infrastructure\u2014specifically ConsenSys\u2019 Linea<\/a>, an Ethereum layer-2 network that uses zero-knowledge proofs\u2014positioning the build within the Ethereum ecosystem while maintaining a permissioned perimeter consistent with bank compliance requirements. That reporting aligns with ConsenSys\u2019 own statement that it is \u201csupporting Swift with early-stage prototyping\u201d for the shared ledger.<\/p>\n

The institutional context matters. SWIFT\u2019s ledger initiative comes amid rapid growth in the $300 billion stablecoin market and a wave of bank tokenization pilots; its stated design goal is to extend existing rails rather than replace them, allowing banks to opt into tokenized processes where it improves speed, transparency, and finality.<\/p>\n

Beyond SWIFT: Lubin\u2019s Treasury Thesis<\/p>\n

Lubin also used the Bloomberg segment to discuss the rise of \u201cdigital-asset-backed treasuries\u201d (DATs) such as the Ethereum-focused vehicle he chairs at SharpLink. He argued that corporate ether accumulation is a \u201cdampener on volatility,\u201d describing ether as a \u201cproductive, yielding asset unlike bitcoin\u201d when staked, and outlining a Berkshire-style flywheel in which a growing ETH base is deployed across Ethereum-aligned protocols for non-dilutive growth.<\/p>\n

The strategic through-line is clear: if financial incumbents standardize on Ethereum-based rails for messaging and, increasingly, settlement, balance-sheet ETH becomes a strategic asset for institutions seeking exposure to the network\u2019s activity and yield.<\/p>\n

At press time, ETH traded at $4,484.<\/p>\n

\"Ethereum<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum co-founder and ConsenSys chief Joseph Lubin appeared on Bloomberg Crypto on October 7 and confirmed that ConsenSys is building the prototype for SWIFT\u2019s new blockchain-based shared ledger\u2014an initiative that, according to SWIFT\u2019s own announcement last week at Sibos in Frankfurt, will bolt a permissioned, always-on ledger into the global messaging cooperative\u2019s infrastructure and natively […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-51850","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51850"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51850\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}