• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar

DigiBanker

Bringing you cutting-edge new technologies and disruptive financial innovations.

  • Home
  • Pricing
  • Features
    • Overview Of Features
    • Search
    • Favorites
  • Share!
  • Log In
  • Home
  • Pricing
  • Features
    • Overview Of Features
    • Search
    • Favorites
  • Share!
  • Log In

Sibos: upgrading to ledgers with cryptographically verifiable state, DLT systems could finally synchronize and interoperate directly

October 3, 2025 //  by Finnovate

A Sibos panel explored the interoperability of digital asset and DLT systems. John Whelan from Santander started the discussion by noting that nobody designed the global financial system. It emerged organically, evolving into what he describes as “hundreds, thousands, millions of record keeping systems, ledgers, databases” that fundamentally don’t interoperate with each other. The result is a massive infrastructure of messaging layers, reconciliation processes, and auditing mechanisms built simply to verify that one institution’s ledger matches another’s. “The macro opportunity is really to re-architect the entire financial system from the ground up,” Whelan told the panel. By upgrading to ledgers with cryptographically verifiable state, these systems could finally synchronize and interoperate directly. Abeetha Pitigala from Goldman Sachs sees the transformation centered on post-trade operations, an area that hasn’t fundamentally changed in decades. “DLTs have come along over the last 15 years and have now shifted that whole balance sheet reconciliation aspect of things,” he explained.  Jack Pouderoyen from Swift noted the challenge: market participants must decide which initiatives to invest in, which to participate in, and which to ignore. “If you participate in every single thing that comes across, you have a full time job of just trying to connect to all these different things,” he said. “And then you have this world of fragmented liquidity.” The original vision risks being undermined by the very proliferation it enabled.

Read Article

Category: Innovation Topics, Other Topics

Previous Post: « Embedded payments are seeing rising adoption in the parking sector through AI-recognition tech that lets customers just drive in and scan a QR code to enter their credit card information the first time they park, with automatic vehicle identification and charges applied on subsequent trips

Copyright © 2025 Finnovate Research · All Rights Reserved · Privacy Policy
Finnovate Research · Knyvett House · Watermans Business Park · The Causeway Staines · TW18 3BA · United Kingdom · About · Contact Us · Tel: +44-20-3070-0188

We use cookies to provide the best website experience for you. If you continue to use this site we will assume that you are happy with it.