Build on what you already have, not start over
Nick Kerigan, managing director and head of innovation for the Swift community, has a clear view on how the future financial system will be built: It won't start from scratch. At a recent industry event, Kerrigan firmly opposed the view that progress must demolish existing infrastructure, and he said he disagreed at all.
His argument is straightforward: parts of the current technology stack that already provide trust and reliable data should be retained. New technologies covering new forms of money, blockchain and autonomous artificial intelligence should be built around these foundations rather than above them. Kerrigan believes that tokenization, artificial intelligence and quantum computing are the three major forces reshaping financial services, and points out that each of them is significant, but the combination of the three could have a transformative impact, and this is where blockchain ultimately delivers on its promises.
Swift connects 11500 banks and companies in 200 countries, processing transactions equivalent to the combined global GDP every three days. This scale gives Kerrigan's position real weight. When the network at the heart of global finance says it wants to evolve rather than be replaced, it is an important signal of how existing institutions plan to participate in the next phase of digital finance.
Chainlink and Swift: Connecting old and new tracks
The collaboration between Chainlink and the Swift community is a practice of this concept. The integration does not force banks and asset management companies to completely transform their infrastructure, but instead uses Swift's financial messaging network and Chainlink's operating environment to connect traditional systems to blockchain. In the Chainlink digital transfer agent technical standard proposed by Shangguan Xuan at the 2025 Sibos Conference, UBS became the first global asset management company to adopt this solution, allowing financial institutions to directly use the Swift network from existing systems through ISO 20022 messages. Manage the subscription and redemption workflow of tokenized funds.
Nick Kerrigan explains how Swift can enhance the current customer experience through its payment solutions while building the future trajectory by integrating blockchain-based ledgers into its infrastructure. Autonomous artificial intelligence is listed as a key component of the same technology stack, and it will be integrated into a unified infrastructure rather than parallel to it as a separate layer.
Claims that existing institutions cannot innovate are being challenged. Swift proves that mature institutions can embrace transformative technology while maintaining stability. For LINK and the broader tokenization ecosystem, Swift's position confirms that the path of institutional adoption is to cross existing financial pipelines rather than bypass them.

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