Insights
Practical perspectives from senior advisory work. Not commentary, observations from the decisions that matter.
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Issuing a tokenised instrument is usually the easy part. The institutional challenge is whether custody, cash settlement, reconciliation, and operating ownership are strong enough to support the market around it.
Read note →March 2026
2 min read
Issuing a tokenised instrument is usually the easy part. The institutional challenge is whether custody, cash settlement, reconciliation, and operating ownership are strong enough to support the market around it.
Read note →February 2026
1 min read
Banks accumulate invisible costs when strategy, architecture, and delivery lose coherence. Understanding how that drift accumulates is the first step to correcting it.
Read note →January 2026
1 min read
Policy documents do not govern AI in practice. Institutions getting this right are building governance into how decisions are made day to day.
Read note →December 2025
1 min read
The technical choices are narrowing. The strategic decisions about positioning, participation, and operating model remain largely unmade.
Read note →