March 2026
2 min read
The market is noisy. Banks still need to decide.
Crypto, tokenisation, and new rails generate plenty of commentary. The harder question for banks is what they need to change in practice.
Read note →Insights
Practical notes on banking change, AI, and digital assets
Practical perspectives from senior work across banking transformation, architecture, AI, and new rails. Not commentary, observations from the decisions that matter.
Featured
One core, many instruments.
Stablecoins, tokenised deposits, CBDC-linked flows, and tokenised assets do not land in the bank the same way. If several matter, the bank cannot afford a separate middle for each one.
Read note →April 2026
3 min read
One core, many instruments.
Stablecoins, tokenised deposits, CBDC-linked flows, and tokenised assets do not land in the bank the same way. If several matter, the bank cannot afford a separate middle for each one.
Read note →March 2026
2 min read
Do banks really need crypto? Only where it solves a real banking problem.
The question is not whether crypto matters in the abstract. It is where new rails solve a real banking problem strongly enough to justify the operating change.
Read note →April 2026
6 min read
Domestic banks should not copy global-bank roadmaps.
Digital-asset strategy should follow the bank's footprint, product mix, and role choice. Copying a global-bank roadmap often imports complexity before there is a business case for it.
Read note →March 2026
4 min read
Why new rails become a Treasury decision first.
New rails do not just change how money moves. They change when liquidity becomes usable, how funding is timed, and what Treasury needs to control in real time.
Read note →March 2026
4 min read
If you're launching 24/7 rails, ask if your bank is really 24/7.
A bank can keep digital channels open around the clock and still rely on delayed controls, overnight exception handling, and next-morning repair underneath. That gap matters quickly once new rails demand more continuous operating discipline.
Read note →March 2026
3 min read
Tokenisation isn't the issue. Market infrastructure is.
Issuing a tokenised instrument is often the easy part. The harder question is whether the surrounding market infrastructure is strong enough to support it credibly.
Read note →March 2026
2 min read
Most crypto pilots prove the tech. Very few prepare the bank.
A pilot should not only test whether the technology works. It should show whether the bank has a credible path to getting ready for what comes next.
Read note →March 2026
5 min read
Crypto custody isn't just a vendor decision.
The hard question is not whether a bank should build custody itself or use a partner. It is which control model the bank is prepared to own.
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