As blockchain and DeFi technologies evolve, mass adoption will extend far beyond cryptocurrencies. Traditional financial systems, including banks, credit cards, and payment networks, will continue to thrive, but the underlying infrastructure will transform. Blockchain will power settlements, FX conversion, and interbank transfers, while smart contracts will manage future financial transactions.

This talk explores the major pilots and initiatives led by banks and central banks in Switzerland and Europe that are already utilizing DeFi, Real World Assets (RWAs), and Central Bank Digital Currencies (CBDCs):

▶ Tokenization of Illiquid Assets
Tokenizing assets such as SME bonds, real estate, and fine art brings them on-chain, making them tradeable on DEXs using Automated Market Makers (AMMs).

▶ FX Market
Project Mariana—leveraging DEXs to enhance foreign exchange markets using wholesale CBDCs.

▶ Repo Agreements
Project Guardian—utilizing RWAs as collateral in DeFi lending protocols for repurchase agreements.