Interview with BNY’s Carolyn Weinberg, Chief Product and Innovation Officer

Rewiring Finance: Modernizing Market Infrastructure for an On-Chain Future

Global financial markets are undergoing a foundational transformation. Legacy systems built decades ago are being challenged by new technologies—from distributed ledgers and real-time settlement rails to AI-powered risk management and tokenized assets. Market participants, regulators, and infrastructure providers now face a shared imperative: how to modernize safely, efficiently, and collaboratively.

This one-on-one interview will explore how market infrastructure is evolving, and what modernization really means for liquidity, efficiency, and resiliency, including:

• Integrating modern infrastructure—DLT, cloud, and digital assets—into existing market systems.
• Balancing innovation with regulatory and operational risk management.
• The future of settlement, clearing, and custody in a tokenized economy.
• Public-private collaboration: how institutions and regulators can shape the new financial rails.
• The business case for modernization: efficiency gains, transparency, and access.