Atomic Settlement

Atomic Settlement

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Who Owns The Liquidity Layer?

Tokenization is solving issuance and wallets. And recreating, one network at a time, the trapped liquidity problem that the Fed master account and a century of netting were built to escape.
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The orchestration layer
When rails commoditize, the routing decision is where the economics compound, but it's also where the systemic risk concentrates.
 • Stuart Cook
The wallet is the bundle
Merrill bundled four products in 1977 and changed who owned the customer. Tokenization lets the wallet bundle everything.
 • Stuart Cook
Banks Enter the Stablecoin Era
BIS Project Agora illustrates tokenized wholesale payments can settle in seconds across borders, while a US national bank issues the first stablecoin to…
 • Stuart Cook
Bank money and bearer money
Tokenized deposits and stablecoins are doing different jobs. Banks that pick one are solving half the problem.
 • Stuart Cook
There are two roads to tokenized money, and bankers shouldn't ignore either one
The US and Europe have made opposite bets on who should issue tokenized money
 • Stuart Cook
Every bank needs a wallet
Most banks will never issue a stablecoin. Almost every bank will need to receive one.
 • Stuart Cook
Wall Street's Tokenization Era Going Live
The DTCC sets a July pilot and October launch for tokenized securities with 50+ institutions onboard
 • Stuart Cook
The Core That Cannot Hold
Core banking is the largest, least loved, and least replaced category in enterprise software. The conditions that protected it for forty years look like…
 • Stuart Cook
Visa Stablecoin Expansion Accelerates
Visa's stablecoin settlement pilot expands to nine blockchains with $7 billion run rate, major partnerships between Securitize and Computershare and…
 • Stuart Cook
Atomic Settlement
Atomic Settlement
Regular news and insights on how tokenization is reshaping settlement, payments, and financial infrastructure.

Atomic Settlement

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