Recently, the actions in the Swiss financial circle have been quite interesting. On the surface, the Swiss National Bank previously stated that Bitcoin's volatility is too high and not suitable as a national reserve asset. But then they made a very telling decision — delaying the blockchain and asset tokenization pilot projects until 2027. This pace seems to suggest a soft-hearted stance behind a tough exterior.

The truly fascinating part is downstream. Large banking institutions like UBS and Sygnum have already partnered to complete interbank official payment settlements using public blockchains. This is not a small-scale test but a production-level application with legal binding. Using real funds to verify the reliability of blockchain technology is a bold move that is quite rare.

Looking at the overall trend in Swiss banking, the consensus is clear: Bitcoin as a reserve? Not considered for now. But tokenizing assets like stocks, bonds, and art, and then enabling efficient trading and settlement via blockchain? That’s the focus. The Swiss Bankers Association even released a report emphasizing that if they don’t push forward with stablecoins and tokenization schemes, the competitiveness of traditional banks will be eroded.

So, the key isn’t what they say, but what they do. When the most rule-abiding banks start deeply embracing the latest technology, what does that really signify? What’s your take?