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Pontes went live today. Tokenised settlement in central bank money.

Sep 21, 2026

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4 min read

Pontes went live today. Tokenised settlement in central bank money.

Deutsche Bank, Santander, SocGen, the EIB and Clearstream are already connected.

Visa, Mastercard and Ant agreed on a Know Your Agent framework

Sep 18, 2026

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4 min read

Visa, Mastercard and Ant agreed on a Know Your Agent framework

The KYA announcement, mid-September. What is agreed and what is not.

$8.25 billion traded in one overnight session. One venue handled 83% of it.

Sep 17, 2026

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4 min read

$8.25 billion traded in one overnight session. One venue handled 83% of it.

NSCC went 24x5 in June. The consolidated tape did not follow.

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We explain the structural conflict between institutional inertia and decentralized algorithmic systems.

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