Back from @Sibos. 8 years ago when Consensys attended Sibos, Ethereum was considered to be a curiosity. (It was also the same week as Devcon Prague, so I opted for the cypherpunks over the suits). This year almost every major bank and financial institution was pitching tokenization or stablecoins, and I left SIBOS feeling very optimistic about ENS and our place in the industry. Some notes: 1). The pitch has converged on the two things only blockchains really deliver: 24/7/365 markets and settlement that's near-instant. Nobody's debating if tokens and blockchains are the right stack. Clients and customers are actually demanding it. The big questions are how it should be structured and who gets to run it. 2). Maybe I’m projecting, but I couldn’t help but notice an underlying current of anxiety. (Maybe it was a panel literally titled, "Can tradfi fix the experience before DeFi wins the race?”) Imaging being a specialized infrastructure provider like a CSD watching Coinbase, Robinhood and Stripe verticalize the financial stack (see: Coinbase’s CFTC approval for its own USDC-native clearinghouse with 24/7 settlement). If you can issue, trade and settle onchain, where does that leave the middle? 3). The Standards Forum discussions around identifiers were the most natural fit for ENS. TradFi runs on ISINs and LEIs and identity data lives in these arcane formats like ISO 20022. One of the creators of this standard described what he does as "creating an esperanto for finance," which is honestly a good description of what ENS does for onchain identifiers. ENS announced on Monday that we are working with @GLEIF to bring LEIs into ENS names, so the work is already happening. xitter.cf/ensdomains/status/2104… But we also need ENS to be incorporated into ISO standards. The syntax of onchain naming must be incorporated into the syntax that all banks already use. 4). Swift is building too: a ledger, an orchestration layer, and an interbank liabilities registry. And it’s running on Besu (Ethereum ftw!). ENS being part of the standards means its easier to translate when Swift's ledger begins gaining adoption among its partner institutions. And one final note: No other conference puts you in a room with the people actually running these projects and gets you real answers on the spot. Sibos is remarkably accessible. Thank you @swiftcommunity for having us.