Too many Swiss private banks are watching from the sidelines as if tokenization is still a hypothesis.

It’s not.

→ Santander issued $100M+ in tokenized bonds. 
→ JPMorgan’s Onyx cleared intraday repo on chain. 
→ MAS’s Project Guardian is already testing cross border settlement with real assets.

Meanwhile, Swiss banks are still running pilot workshops.

I get it — discretion is the Swiss way. But waiting for regulatory perfection is no longer a hedge.

The rest of the world isn’t asking if they should tokenize but they’re asking what they tokenize next. 

When global allocators shift to on-chain rails, client expectations will shift too.
The institutions that define strategy now ( product scope, custody stack, compliance rails) will lead. 

The ones that wait for “clarity” will spend the next five years catching up.

This really isn’t about being first. It’s about making sure you’re not last.