Blockstream Launches Blockstream Swaps Beta

Blockstream moving from infrastructure into an execution venue is a notable vertical integration play: the same firm that builds Bitcoin tooling would now intermediate swaps on top of it. That matters most to counterparties weighing venue risk against the convenience of a single-stack provider, and to existing swap desks facing a new competitor. Whether a beta-stage product attracts meaningful liquidity, and how the service is structured for custody and settlement, is the open question.