Financial Infrastructure

Digital systems transforming settlement, clearing, and cross-border payment infrastructure.

Featured Article

Swift's Ledger and the Future of Correspondent Banking

How Swift's blockchain-based shared ledger is transforming correspondent banking from a messaging framework to a unified digital settlement system with real-time value transfer.

Financial Infrastructure

Building On-Chain Clearing Houses for Decentralized Markets

How decentralized clearing systems replace intermediaries with transparent, logic-based infrastructure for managing margin, settlement, and counterparty risk in derivatives markets.

Financial Infrastructure

Worldcoin and the Future of Digital Identity

Exploring the intersection of biometric verification, proof-of-humanity, and the challenges of building universal digital identity systems in an AI-dominated world.

Financial Infrastructure

Circular Financing in the AI Boom: Vendor Finance or Systemic Risk?

Examining the complex web of financial relationships in AI, from Nvidia's investments in OpenAI to the fine line between legitimate vendor finance and risky round-tripping.

Financial Infrastructure

Programmable Escrow Networks for Global Trade Finance

How smart contract-based escrow systems can unify collateral, documentation, and payment logic to transform international trade from a document-driven process into a state-based financial system.