Banks

SWIFT has completed the design phase of its blockchain-based shared ledger and is building an MVP for live tokenised deposit payments across more than 200 countries. The system, built on Hyperledger Besu, aims to make cross-border settlement a 24/7 operation.

The Treasury Secretary and Fed Chair convened an urgent meeting this week with the chiefs of Citigroup, Morgan Stanley, Bank of America, Wells Fargo and Goldman Sachs to warn that Anthropic's new Mythos model can identify and exploit software vulnerabilities at a speed and cost the current defensive stack was never designed to resist. For crypto, the implications are sharper still.