9 Japanese institutions including Sumitomo Mitsui Banking just wrapped up a successful proof-of-concept for DvP settlement on security token secondary trading.

This is the institutional rails being built in real-time. Traditional finance isn't just watching anymore—they're shipping.

When banks start testing atomic swaps for tokenized securities, it's not a pilot. It's infrastructure.

The convergence play is accelerating. TradFi meets DeFi, and the rails get built quietly while everyone's chasing memecoins.