Review of Sibos…
1. the bankers now know the difference between bitcoin and stablecoins. Almost everyone I talked to was conversational on tokenized $
2. Digital assets came up a lot and in a positive way. There’s some fear, but way less than the discourse
3. Tokenized deposits are a big topic, but usually only come up after stablecoins. I stand by my view that tokenized deposits are primarily a way to upgrade heterogeneous and legacy bank cores, but they’re a laudable goal.
4. Besu (I know) still matters a lot. This makes much more sense when you reread 3. Arc, Tempo, Cosmos, avalanche, etc are the other players here
5. Growth, the SF-coded positive sum kind, is unfamiliar to bankers. Downside risk is *very familiar*. This makes it harder to sell the future.
6. Relatedly, it’s still hard for bankers to imagine *quality* of product being a competitive differentiator. This has funny effects, like thinking a bad agent is a good idea. Or not understanding that speed/interop improvements from tokenized money would be a reason to switch banks