[Swift's Head of Innovation: Governance is Just as Important as Technology in Tokenized Finance Networks] According to Swift's official website, Nick Kerrigan, Managing Director and Head of Innovation at Swift, stated that governance design is at least as important as technology for the success of tokenized finance infrastructure. The article cites a 2024 working paper by Awrey, Macey, and Zhang: payment networks need to balance stability, accessibility, and investment objectives, and maintaining this balance is most difficult in terms of governance, not technology. Kerrigan stated that as institutions accelerate the adoption of blockchain, governance structures such as foundations and member councils are once again in focus. Successful networks typically possess three characteristics: representativeness, accountability, and sustainable investment. He believes that governance should be judged by results, not by structure.