The rational for a shared ledger - a conversation with Ivica Aračić, SWIAT [EN]

How can digital assets scale in regulated capital markets? In this episode of Inside Digital Assets, host Lidia Kurt speaks with Ivica Aračić (CTO of SWIAT) about the role of distributed ledger technology in the future of financial market infrastructure. The conversation explores why shared ledgers matter, how tokenized securities can move from pilot projects to productive use, and what is needed for digital assets to become part of everyday capital markets. Key topics include SWIAT’s approach to regulated digital asset infrastructure, the concept of Regulated Layer One, the importance of interoperability, and the role of central bank money in settlement. Ivica also discusses initiatives such as Appia and Pontes, the relevance of delivery versus payment, and why DLT-based financial instruments still need to become “first-class citizens” compared to traditional securities. This episode is for anyone interested in digital assets, tokenization, DLT, shared ledger infrastructure, securities settlement and the future of regulated capital markets.