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’s new blockchain-based shared ledger—an initiative that, according to SWIFT’s own announcement last week at Sibos in Frankfurt, will bolt a permissioned, always-on ledger into the global messaging cooperative’s infrastructure and natively integrate ISO 20022 financial messaging.

SWIFT Builds On Ethereum

Lubin said the first build “will most definitely implement messaging, financial messaging using ISO 20022,” adding that while SWIFT itself is “careful to stay in their lane and focus on the messaging part,” some participating banks are “interested in potentially diving down into settlement layers.”

“I have to be careful about wh

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