Case Studies

DTCC and the Stellar Development Foundation have announced a partnership to bring tokenised stocks, ETFs, and US Treasury securities onto the Stellar public blockchain, signaling growing institutional adoption of blockchain-based financial infrastructure.

Project Crypto, launched by the SEC in 2026, signals a transition from enforcement-led crypto regulation toward structured frameworks for tokenised assets, including tokenised US equities traded on blockchain-based platforms.

Dubai’s Virtual Assets Regulatory Authority (VARA) has introduced a comprehensive framework for crypto derivatives and virtual asset issuance, strengthening Dubai’s position as a global digital finance hub. The new rules focus on investor protection, risk management, stablecoin oversight, and clearer issuance standards while supporting innovation in tokenization and regulated digital asset markets.

Israel has approved BILS, its first regulated shekel-backed stablecoin issued by Bits of Gold under regulatory supervision. The move marks a significant step toward blockchain-based payments and regulated digital finance in Israel.

Registries are re-emerging as a critical layer of digital financial infrastructure, providing authoritative records that verify ownership, enable interoperability, and support trust in modern financial markets.

Financial systems are increasingly embedding rules directly into infrastructure rather than enforcing them after transactions occur. This article examines why programmability is emerging as a structural response to scale, complexity, and regulatory demands, and why trust registries are essential to making programmable finance reliable and accountable.

When India launched Aadhaar, the aim was simple: give every resident a verifiable digital identity. That single step set the stage for...