Swift tokenized-deposit network needs banks' own internal layers, Taurus co-founder says
- —Taurus: banks need their own permissioned ledger to use Swift's network
- —Wallet tools and smart-contract support are also required
- —The network in question is Swift's tokenized-deposit platform
Why it matters: Without internal infrastructure, banks cannot plug into Swift's tokenized deposits, slowing institutional tokenization.
Source: CoinDesk