From “Limited Benefits” to Holy Grail of Cross-Border Payment? Stablecoins in 2025 Stablecoins grew from $20 B to $312 B, moving $27 T a year—but their real test isn’t speed, it’s settlement. Luc Froehlich explains why liquidity, FX, and payout coordination are now the true frontiers of cross-border payments. Luc • Payments
Private Credit: From Corned Beef to Tenderloin — Rethinking the Industry Beyond the Headlines Private credit has become an easy target for sweeping generalisations. Just days after Jared Kushner brokered the USD 55 billion take‑private of Electronic Arts (Reuters), headlines were quick to draw sweeping parallels. The Financial Times framed the First Brands collapse as an 'Enron moment,' while The Economist Luc • Private Credit
Tokenised securities vs security tokens: What’s the difference and why it matters Few concepts have captivated both institutions and innovators quite like ‘tokenisation.’ Yet as adoption spreads and use cases mature, a key distinction is often lost in translation — the difference between tokenised securities and security tokens. While the wording may seem interchangeable, the underlying reality is not. One represents the digitisation Luc • Tokenization
From “Limited Benefits” to Holy Grail of Cross-Border Payment? Stablecoins in 2025 Stablecoins grew from $20 B to $312 B, moving $27 T a year—but their real test isn’t speed, it’s settlement. Luc Froehlich explains why liquidity, FX, and payout coordination are now the true frontiers of cross-border payments. Luc • Payments
Is Tokenization Finally Ready for Prime Time? Introduction For years, the promise of tokenization—a process by which practically any asset, from commercial real estate to fine art, can be recorded and traded on a blockchain—has captivated both technologists and financiers. Indeed, investor fascination with tokenization dates back to around 2017, when the idea of “fractional” Luc • Tokenization
How AI Agents and Blockchain are solving my breakfast crisis Since moving to the UAE, there’s one thing I can count on almost every Saturday morning: sunshine. No rainy weekends keeping the kids stuck indoors. But there’s one thing that hasn’t changed, no matter how advanced my surroundings have become—my fridge problem. Picture this: it’s Luc • AI
How blockchain will revolutionise the financial system The blockchain technology behind bitcoin, stablecoins and other digital assets continues to grow in importance. Sometimes innovation happens overnight. The Monday after the Big Bang in 1986, when the market was deregulated and stepped into the electronic age, the noise and bustle of the trading floor of the London Stock Luc • Blockchain