TradFi pros are taking real action to rewrite the rules of the game.
Starting this year, the global financial messaging system SWIFT announced that it will use a certain Ethereum Layer 2 network as its blockchain payment infrastructure. This decision has stirred quite a wave in the financial sector. Top banks like JPMorgan and Citibank are participating in the pilot project. What does this mean? It means that DeFi is no longer just a playground for geeks and retail investors but is becoming a key channel connecting TradFi.
Why has this Layer 2 gained the favor of Wall Street? Simply put, it’s about trust. It is backed by a company founded by one of the co-founders of Ethereum, with solid technical foundations. However, what attracts TradFi are still several hard indicators:
**Privacy and security are hard requirements**. What do banks fear the most? The leakage of transaction data. The zk-Rollup technology used by this Layer 2 can complete verification without exposing transaction details, which is an absolute necessity for strictly regulated banking operations. At the same time, as an Ethereum Layer 2, it inherits the security level of the Ethereum mainnet while achieving faster transaction speeds, making this combination the optimal choice for institutional investors.
The key is that this is not just a technical collaboration, but a formal recognition of blockchain infrastructure by the entire financial system. The entry of billions of users into Web3 may begin to open up with this step.
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RooftopVIP
· 12-23 03:55
I am not optimistic; what banks want is control, not transparency.
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APY追逐者
· 12-23 03:51
Wall Street really can't hold back anymore, it feels like DeFi is about to take off.
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The zk technology is indeed a lifesaver for banks; if data privacy is sorted out, regulation will be easier to discuss.
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SWIFT's move is quite aggressive; is traditional finance really admitting defeat?
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Wait, can this really bring a billion users into Web3? Sounds a bit exaggerated, dude.
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The privacy security aspect really strikes a chord; banks fear leaks just as much as they fear hackers.
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I just want to know when ordinary people can truly use it; right now, it's still an institutional game.
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JPMorgan has entered the arena; isn't this a turning point...? It feels like a change is coming.
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OptionWhisperer
· 12-23 03:39
Wait, is SWIFT really getting involved? This time TradFi is really entering the game, it's not just talk.
TradFi pros are taking real action to rewrite the rules of the game.
Starting this year, the global financial messaging system SWIFT announced that it will use a certain Ethereum Layer 2 network as its blockchain payment infrastructure. This decision has stirred quite a wave in the financial sector. Top banks like JPMorgan and Citibank are participating in the pilot project. What does this mean? It means that DeFi is no longer just a playground for geeks and retail investors but is becoming a key channel connecting TradFi.
Why has this Layer 2 gained the favor of Wall Street? Simply put, it’s about trust. It is backed by a company founded by one of the co-founders of Ethereum, with solid technical foundations. However, what attracts TradFi are still several hard indicators:
**Privacy and security are hard requirements**. What do banks fear the most? The leakage of transaction data. The zk-Rollup technology used by this Layer 2 can complete verification without exposing transaction details, which is an absolute necessity for strictly regulated banking operations. At the same time, as an Ethereum Layer 2, it inherits the security level of the Ethereum mainnet while achieving faster transaction speeds, making this combination the optimal choice for institutional investors.
The key is that this is not just a technical collaboration, but a formal recognition of blockchain infrastructure by the entire financial system. The entry of billions of users into Web3 may begin to open up with this step.