Thread by @LordBelgrave

The first NDA excerpt I will share is drawn from a Mutual Non-Disclosure and Strategic Cooperation Agreement executed between a Swiss banking major and an American blockchain infrastructure company.

What follows is merely the Purpose clause. The remainder of the agreement is even more revealing. 🧵

2/🧵 Purpose of the Agreement (excerpt):

“The Parties acknowledge their mutual interest in collaborating on the design, development, and validation of secure, real-time financial infrastructure that enables:
•Cross-border value transfer via neutral, protocol-agnostic mechanisms;
•Tokenization and settlement of regulated financial instruments leveraging distributed ledger technologies;
•Integration of identity-verified asset flows, incorporating frameworks for biometric identity mapping;
•Execution of real-time gross settlement (RTGS) simulations in conformity with next-generation financial messaging standards;
•Deployment of institution-grade messaging and liquidity channels for wholesale market transactions under emerging international frameworks.”

3/🧵 Observations from a practitioner’s lens:
•“Neutral, protocol-agnostic” is technical language for bridge assets such as XRP - infrastructure that eliminates reliance on a single sovereign currency.
•“Tokenization of regulated instruments” references treasuries, sovereign debt, ETFs, and structured notes… not retail crypto products.
•The mention of biometric identity mapping is far beyond the remit of traditional banking agreements. It signals the future fusion of digital identity rails with settlement systems.

4/🧵 The Agreement further stipulates:

“This Agreement governs the exchange of non-public information necessary to evaluate joint operational models and potential participation in multilayered liquidity corridors across compliant financial jurisdictions.”

5/🧵 Interpretation in plain terms:
•“Multilayered liquidity corridors” denotes a convergence of fiat rails, tokenized securities, CBDCs, and neutral bridges operating in tandem.
•“Across compliant jurisdictions” establishes the groundwork for a globally interoperable clearance layer… one that no single state owns, but all institutions must eventually interface with.
•The subtext: a blueprint for tokenized capital markets at systemic scale.

6/🧵 It is important to stress:
What I have disclosed here is only the Purpose clause of the agreement.
The full document encompasses operational frameworks, governance models, liability allocations, and jurisdictional carve-outs. I will release excerpts selectively, at a pace and depth consistent with personal safety.

7/🧵 Why this matters:

Contrary to the public narrative, Ripple’s work was never limited to “remittance corridors.”
These agreements reveal a coordinated effort to engineer a neutral, auditable, institution-grade settlement architecture that’s designed to rewire global markets, from custody to capital formation.

8/🧵 My approach:
I will proceed deliberately.
Each disclosure will be accompanied by context and interpretation, to avoid mischaracterization.

The documents exist. They were drafted by legal counsel, scrutinized by regulators, and transacted through the hands of bankers like myself.
And I know there are others who have seen even more.

9/🧵 For deeper dives, context, and evidence I cannot risk circulating publicly, I will share selectively on telegram.

This is the beginning of a longer story.