51 Insights

51 Insights

CEO Notes

SWIFT’s vampire attack on crypto

Marc Baumann's avatar
Sangam Bharti's avatar
Marc Baumann and Sangam Bharti
Jan 28, 2026
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Hey, it’s Marc,

The “DeFi vs. TradFi” narrative was binary: the banks were the dinosaurs, and the asteroid was coming. Were we wrong? In the last months, the dinosaur didn’t just survive, it learned to fly. And the “SWIFT Killer” thesis might be dead now.

In a quiet trial orchestrated with BNP Paribas, Société Générale, and Intesa Sanpaolo, SWIFT proved…

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