Cross-border payments are undergoing their most significant transformation in decades, driven by stablecoins, tokenized deposits, real-time payment rails, and regulatory shifts across major jurisdictions. For banks, stablecoins are no longer a theoretical innovation—they are becoming a strategic question of infrastructure, liquidity, compliance, and customer ownership.
This executive panel will debate what a “winning” cross-border model looks like in 2026 vs. 2030, and how stablecoins and on-chain settlement models are reshaping cross-border payments economics, market structure, and competitive dynamics. Panelists will explore whether banks should issue, integrate, partner, or compete with stablecoin providers—and how to modernize cross-border strategies to balance speed, cost, control, and regulatory accountability in a rapidly evolving global payments landscape.
Cross-border payments will be real-time, programmable, and global by default. The strategic question for banks is not whether stablecoins will be part of that future—but whether banks will define the rails, or simply ride on them. Discussion points will include:
- Why correspondent banking and SWIFT alone are no longer competitive
- Cost, speed, transparency, and liquidity challenges in legacy models
- How stablecoins and tokenized cash change settlement economics
- Issuing bank-backed stablecoins vs. tokenized deposits vs. integration strategies
- Balance sheet, funding, and liquidity implications
- Customer trust and regulatory treatment differences
- Fintechs, Big Tech, and crypto-native firms in global payments
- Platform and wallet ecosystems capturing end-user relationships
- Risks of banks becoming invisible settlement providers
- Divergent regulatory frameworks (US, EU, APAC, emerging markets)
- Capital, reserve, and disclosure requirements for stablecoins
- Cross-border compliance, sanctions enforcement, and financial crime risks
- Real-time settlement and its impact on intraday liquidity management
- On-chain FX, programmable liquidity, and automated treasury
- Working capital optimization
- Integration with core banking, payments infrastructure, and digital asset platforms
- Custody, wallet architecture, and orchestration layers
- Operational resilience in always-on, programmable payment systems
- Counterparty, protocol, and settlement finality risks
- Smart contract and infrastructure security
- Governance models, kill switches, and systemic risk scenarios
As digital assets, tokenized deposits, and on-chain financial infrastructure move closer to the regulated banking system, a new control layer is emerging: agentic artificial intelligence. Unlike traditional automation or static smart contracts, agentic AI systems can interpret intent, evaluate conditions, and take action autonomously within defined guardrails.
For banks, this evolution raises fundamental questions about execution, risk, governance, and accountability. Who—or what—makes decisions in an always-on, programmable financial environment? How can autonomy be introduced without sacrificing control, compliance, or trust? And where does agentic AI become a competitive advantage versus a systemic risk? If finance is becoming programmable and always-on, the real question isn’t whether banks will use agentic AI—it’s whether they’ll control it, or be forced to react to it.
This panel discussion will explore how agentic AI could reshape on-chain finance and digital asset operations, from liquidity and treasury management to compliance, custody, and market structure—and what bank leaders must do now to prepare. The in-depth conversation will include:
- Why rule-based automation is insufficient at institutional scale.
- How agentic AI introduces decision-making, not just execution.
- Where autonomy adds value—and where it becomes dangerous.
- Who is accountable when an autonomous agent acts?
- Human-in-the-loop vs. policy-in-the-loop models.
- Designing kill-switches, escalation paths, and auditability.
- Real-time liquidity, settlement, and reconciliation with programmable money.
- Why tokenization without orchestration breaks at scale.
- Continuous, real-time compliance vs. post-transaction controls.
- Embedding AML, sanctions, and policy enforcement on-chain.
- Model risk, explainability, and regulatory defensibility.
- Coordinating liquidity across DEXs, CEXs, and tokenized markets.
- The role of banks as stabilizers in on-chain markets.
- Policy-driven smart wallets and automated approvals.
- Secure key management with agent-assisted controls.
- Making self-custody viable for regulated institutions.
- Emergent behavior between interacting agents.
- Concentration risk if agents rely on similar models or signals.
- Where to experiment safely (sandboxes, pilots, limited scope).
- How to engage regulators early and credibly.
Regulation is no longer a backdrop to digital asset strategy—it defines the playing field. For TradFi leaders, understanding the current regulatory state of play in the United States is fundamental to charting strategy around stablecoins, tokenization, custody, decentralized finance (DeFi), and on-chain settlement. This panel will cut through noise to provide clarity on where U.S. policy has moved, where it is heading, and what that means for institutional strategy, risk management, and competitive positioning.
Panelists will explore the most consequential U.S. regulatory developments of 2025—from landmark stablecoin legislation to evolving jurisdictional debates between the SEC and CFTC and the approval of some crypto companies into federally chartered national banks—what’s likely for 2026, and how TradFi can engage proactively with policy, shape outcomes, and manage risks while embracing the opportunities presented by on-chain finance. The session will emphasize the practical implications, including:
- Regulation is shaping who can issue, hold, clear, and settle digital assets, and how TradFi participates.
- Clearer rules enable or constrain strategic choices around custody, tokenization, and payments.
- What stablecoin regulation means for bank vs. non-bank issuance strategy.
- How reserve, audit, AML, and consumer protection requirements will change market entry calculus.
- How TradFi should view SEC vs. CFTC oversight for different asset types.
- The potential for coordinated frameworks in 2026 as regulators align jurisdictions.
- How organizations can prepare for overlapping or shifting regulatory regimes across SEC, CFTC, banking regulators, and Congress.
- Policy impacts on innovation and market structure.
- Compliance risk expectations in an on-chain era.
- What regulatory development will most reshape digital-asset strategy in the next year for TradFi leaders.
As the financial industry explores the next wave of innovation, tokenization of real-world assets (RWA) has emerged as one of the most promising—yet misunderstood—frontiers. From bonds and real estate to trade finance and private credit, tokenization offers the potential for greater liquidity, transparency, and efficiency. But despite its promise, widespread adoption remains limited by regulatory uncertainty, technical integration challenges, and market readiness.
This panel discussion will explore the real benefits and the practical obstacles of tokenization, giving TradFi on-chain newcomers a grounded understanding of where the value truly lies, what barriers must be addressed, and how TradFi institutions can strategically engage in this evolving landscape. Among the topics to be addressed:
- Efficiency and accessibility: How tokenization can streamline issuance, settlement, and secondary trading of traditionally illiquid assets.
- Risk and regulation: Key legal, compliance, and custody considerations slowing institutional adoption.
- Interoperability and standards: The importance of common frameworks to ensure scalability and cross-platform asset mobility.
- Distribution: why access to institutional channels ultimately determines product viability
- The importance of data analytics in providing clarity on the market
- Path to adoption: What institutional infrastructure, governance models, and partnerships are needed to move from pilots to production.
As digital assets move from the fringe into institutional portfolios and market infrastructure, custody has emerged as the critical control point in the value chain. For traditional financial institutions, digital asset custody is no longer a niche offering—it is the foundation that determines who owns client relationships, who controls risk, and who participates in the next phase of tokenized markets.
This panel will explore the biggest opportunities and unresolved issues facing TradFi executives as they evaluate digital asset custody strategies. Panelists will discuss how custody underpins trading, settlement, tokenization, and payments; where banks have a natural advantage—and where they face new forms of operational and regulatory risk; and what decisions leadership teams must make in the next 12–24 months to preserve relevance and optionality. The conversation will focus on strategic choices, governance, economics, and execution realities, equipping executives with a framework to assess whether—and how—to engage, including:
- Custody as the gateway service for all digital asset activity.
- Custody as a defensive strategy vs. an offensive strategic growth play.
- Native crypto assets vs. tokenized securities and funds.
- Role of custody in stablecoins, tokenized deposits and real-world assets.
- Public vs. permissioned blockchain custody models.
- Which assets justify investment today vs. later.
- Institutional trust vs. crypto-native custodians.
- Defining “institution-grade” custody in a digital context.
- Regulatory, legal and accounting considerations.
The Battle for the Deposit Franchise: Will Stablecoins or Tokenized Deposits Dictate the Future of Banking?
As digital money moves from experimentation to execution, traditional financial institutions face a critical strategic decision: pursue a stablecoin strategy, tokenized bank deposits, or attempt both? Each path carries profound implications for balance sheets, regulation, payments infrastructure, customer relationships and long-term competitiveness.
Citi’s Ryan Rugg, Global Head of Digital Assets, Treasury and Trade Solutions, shares her perspective on whether stablecoins or tokenized deposits represent the most viable—and defensible—path forward for TradFi. The conversation will examine where real economic value is being created, how regulators and supervisors are shaping outcomes, and what decisions bank executives must make in the next 12–24 months to remain relevant in a tokenized financial system. The discussion will include a dive into:
- Are stablecoins and tokenized deposits truly alternatives—or stepping stones toward the same end state?
- Stablecoins vs. tokenized deposits: core differences on issuer model, customer trust and brand risk, control vs. reach, and Interoperability.
- Regulatory and balance sheet implications—and which path aligns more naturally with the current regulatory perimeter and which is more future-proof if regulation shifts?
- Creating value: payments, treasury, and liquidity use cases.
- Operating model and technology trade-offs
- Developing an ecosystem strategy—go it alone or join a network?
- Nonbank stablecoin adoption in emerging markets
- The risk of deposits migrating off bank balance sheets
