Bitcoin, Fiat & Rock'n'Roll

Anika Patz, Partner at lawfirm YPOG, provides an overview of Europe’s Market Integration and Supervision Package (MISP) that will significantly change European financial market regulation and embed DLT.

Who is Satoshi Nakamoto? The New York Times suggests a new candidate—but does it matter? Plus: stablecoins gain traction in Europe, and Bhutan sells most of its Bitcoin.

Thomas Langbein, Chief Commercial Officer at Trever, explains why digital asset adoption in banking is shifting from experimentation to operationalisation—and why infrastructure is becoming the real bottleneck. He shares how Trever’s “digital asset operating system” helps banks integrate trading, custody, settlement, and compliance into one coherent setup across crypto, stablecoins, and tokenised assets. The conversation explores how institutional strategies are evolving beyond crypto into payments and capital markets, and what it takes to build a future-ready banking infrastructure.

Michael unpacks his new FERI study on stablecoins: the two-pillar model, dollar dominance by design, MiCAR vs. GENIUS Act, reserve risks, and why agentic AI changes everything for institutions.

Maha El Dimachki provides an overview of the BIS innovation hub projects she has worked on as the leader of the Singapore Hub: Nexus, Mandala, Rialto. The Episode continues to explore GFTN Solution’s mission.