Digital Securities and Digital Cash Summit

Two separate but related problems have plagued the financial markets for years. The first is that traditional forms of money and payment systems have reached their end of their useful lives. The second is that the capital markets are inefficient: issuers pay more for capital, investors earn less from capital and intermediaries have grown rich from adding transactions costs.

Change has occurred in the money and payments markets. The settlement of payments has accelerated. New payment service providers have emerged, displacing the banks. New payment instruments, such as Stablecoins, emerged from the cryptocurrency markets. But in the capital markets, a stalemate prevailed in which change appeared to be impossible.

The European Central Bank (ECB) Wholesale DLT Settlement trials have broken the stalemate. The trials were directed at one problem: how to overcome the lack of on-chain fiat currency to complete the cash leg of capital markets transactions on blockchain networks, especially in central bank money. But in identifying a solution to that problem, the trials opened a series of cost-saving and efficiency-enhancing possibilities.

These included the issuance of bonds and commercial paper, secondary trading of securities, settlement of securities, bilateral and triparty intra-day repo, margin payments and the servicing of assets in custody using smart contracts as well as wholesale payments versus payments and the value of tokenised deposits. In short, the trials have proved that blockchain technology works across payments and capital markets.

The challenge now is to scale the breakthroughs achieved by the ECB and the 64 financial institutions that took part in the trials. The ECB has announced it will build on the success of the trials and develop a roadmap for change in 2026-27. Which means that banks, financial market infrastructures and their buy- and sell-side users, including asset managers and issuers, must start to plan for a tokenised future now. This event will help them do that.

Topics:

1. Did the ECB Wholesale DLT Settlement Trials solve the absence of cash on-chain or provide no more than a temporary fix?
2. Where have all the tokenised deposits gone?
3. Are Euro Stablecoins poised to overthrow the status quo in corporate and consumer payments?
4. Are traditional financial market infrastructures (FMIs) such as stock exchanges and central securities depositories (CSDs) in danger of being overtaken by events?
5. How can issuers and investors best be engaged in making the change?

Audience: CFOs; Treasurers; Heads of operations; CTOs; CISOs; Heads of repo desks at investment banks; Money market fund managers; Stock exchange, CSD and custodian bank officials; Corporate issuers; End-investors; Blockchain technology vendors; Policymakers; Central bankers; Securities and money market regulators.

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Hear from Speakers and an Esteemed Panel of Experts:

Max Heinzle - Founder and CEO at 21x

Michael Duttlinger - CEO at Cashlink

Michael Cyrus – Head of Short Term Products, Equity Finance & FX at Deka Bank

Co-Pierre Georg – Director at the Frankfurt School Blockchain Centre

Marius Jurgilas – Founder and CEO of Axiology

Bruce Jackson – Chief Capital Officer and Senior Partner at MembersCap

Claus George – Head of Digitisation and Innovation at DZ Bank

Gilbert Verdian – CEO at Quant

Manuel Klein – Head of Market Management and Digital Currencies at Deutsche Bank

Tony McLaughlin – Founder of Ubyx Inc

Myles Harrison – Chief Product Officer at AMINA Bank

Rupertus Rothenhauser – Chief Commercial Officer at AllUnity

Sven Wilke – Executive Director Group Strategy, M&A and Innovation at Börse Stuttgart Group

Stephan Dreyer – CEO at ANNA Association of National Numbering Agencies

Rachel Lum – Partner at IBM

Torsten Hunke – Managing Director of VanEck (Europe)

Felix Simon – Senior Manager for Digital Asset Banking and Paying Agent Specialist at Incore Bank

Tobias Wohlfarth – Chief Business Officer and Deputy CEO at Oblig