The Bank for International Settlements has confirmed that ISO 20022 can serve as a standardized messaging protocol framework for digital assets transactions. This development marks a crucial step toward interoperability and standardization in blockchain infrastructure. The adoption of unified messaging protocols could streamline cross-border settlement processes and enhance compatibility across different digital asset platforms. Such standardization efforts are expected to strengthen institutional participation in the Web3 space by providing clearer technical frameworks and reducing integration barriers.
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CoffeeOnChain
· 01-05 20:07
To be honest, ISO 20022 is a bit late. Major institutions have been waiting for this... It should have been standardized earlier.
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MidnightSeller
· 01-05 20:06
ISO20022 is really here, now institutions have no excuse not to enter the market.
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PoolJumper
· 01-05 19:44
ISO 20022 is really here, and finally someone is pushing this standard onto the chain. Institutions should be more willing to get involved, right?
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BlockchainTalker
· 01-05 19:42
actually, if we parse this through the lens of institutional adoption dynamics... ISO 20022 isn't just messaging protocol theater—it's the plumbing that makes wall street finally take blockchain seriously. think of it like adding standardized electrical outlets so all the appliances stop catching fire, ngl this could be the real catalyst tbh
The Bank for International Settlements has confirmed that ISO 20022 can serve as a standardized messaging protocol framework for digital assets transactions. This development marks a crucial step toward interoperability and standardization in blockchain infrastructure. The adoption of unified messaging protocols could streamline cross-border settlement processes and enhance compatibility across different digital asset platforms. Such standardization efforts are expected to strengthen institutional participation in the Web3 space by providing clearer technical frameworks and reducing integration barriers.