As tokenized deposits and stablecoins move into production, banks must settle, lend and manage liquidity around the clock. Most core systems, operating models and risk frameworks were never built for that. In this session, executives from banks running live on-chain programs share what it really took to get there.
Panelists will cover modernizing or wrapping legacy cores for 24/7 operations, managing intraday and weekend liquidity, staffing and controls for continuous operations, and the vendor and build-versus-partner decisions that shaped their path. They’ll also be candid about what stalled, what they would do differently, and what must be in place before on-chain money can scale across the enterprise. Among the discussion points:
- What did “production-ready” require, and what surprised you?
- How are you managing liquidity and risk when settlement never stops?
- Where does the next phase of scale come from: core replacement, middleware or partners?
Digital money is now a balance-sheet decision. With the GENIUS Act framework taking shape and stablecoin volumes climbing, banks face a vital choice: issue tokenized deposits, launch a stablecoin subsidiary, join a stablecoin consortium (such as The Global 21-Bank Stablecoin Consortium or European bank consortium Qivalis), partner with an established issuer, or pursue more than one path. Each carries different implications for funding costs, capital, customer relationships and regulatory exposure.
This session examines how these models perform once they’re live. The discussion will cover deposit migration risk, net-interest margin impact, reserve and liquidity management, and the use cases generating real revenue, from corporate treasury to cross-border settlement. Panelists will also look ahead to how the competition between bank-issued and nonbank digital money will reshape funding, market share and the bank’s role as the trusted “orchestrator} of programmable money. Other discussion points include:
- Which model is winning in production, and for which clients?
- How do you protect deposits and margin as digital dollars move off your balance sheet?
- What will it take for bank-issued digital money to scale beyond a single institution?
Cross-border payments are where on-chain money is proving its value fastest. Stablecoin corridors now move funds in seconds instead of days, at a fraction of the cost and with full transparency. Growth is coming from fintechs and crypto-native firms, and it is putting pressure on the correspondent banking model that has long anchored banks’ role in global money movement.
This session brings together banks, payment providers and stablecoin infrastructure leaders operating live corridors. The discussion will focus on building on/off-ramp liquidity in local markets, managing FX and conversion, selecting and governing local partners, and meeting Travel Rule, sanctions and AML obligations across jurisdictions. They’ll also look ahead to how correspondent banking economics will change, which corridors will scale next, and how banks can compete for cross-border flows rather than cede them. Other discussion points include:
- Which corridors and client segments are delivering real ROI today?
- How do you manage liquidity and compliance when the last mile runs through local partners?
- What happens to correspondent banking revenue, and how should banks respond?