Programme
Wed 24 Jun4:00–5:30pmGFTN Insights
Digital Capital Markets: Taking the Stack On-Chain
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About This Session
The stock market is going on-chain. The NYSE-DTCC Russell 1000 pilot, the explosion of tokenized Treasuries past $11 billion, and a generation of on-chain private credit platforms are no longer proofs of concept - they are live infrastructure. The question has shifted from whether capital markets can tokenize to how fast the supporting stack - prime brokerage, custody, clearing, compliance, and investor access - can be rebuilt for on-chain settlement.
This roundtable convenes the architects of Digital Capital Markets to map where the infrastructure is genuinely ready, where legacy systems are the bottleneck, and what it will take to move emergent infrastructure from pilots to the primary issuance venue of choice. Participants will examine the impact of specific on-chain mechanics on the next generation stock market, including:
- how T+0 atomic settlement changes margin and liquidity requirements
- what fractionalisation does to price discovery and secondary market depth, and
- whether the current generation of permissioned chain architectures can deliver the throughput and finality guarantees that institutional issuers actually require.
The session will also address the regulatory frontier - jurisdictional recognition of on-chain ownership, the status of tokenized securities under existing market structure rules, and where the gaps between MiCA, the GENIUS Act, and emerging APAC frameworks create opportunities for either arbitrage or paralysis.
- When
- Wednesday 24 June4:00–5:30pm, Zurich time
- Where
- GFTN InsightsRoundtable Room 2, Ground Floor
- Access
- Open
Speakers
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Alexandre Kech
Chief Executive Officer
Global Legal Entity Identifier Foundation (GLEIF)
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David Riegelnig
CEO
RULEMATCH
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Frank Seibold
Global Head of Banking & Capital Markets Sales
Chainlink
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Georgina Jarratt
Managing Director, Head of FinTech & Digitalisation
International Capital Market Association
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John O'Neill
Managing Director, Digital Assets & Currencies, CIB
HSBC
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Kevin Lim
Director, Investment
Temasek
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Lucas Bruggeman
Boardmember
Boerse Stuttgart Group (Seturion, BX Swiss)
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Marni McManus
Country Officer & Banking Head
Citi
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Matthias Wyss
Chief Executive Officer
Obligate
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Roy Choudhury
Managing Director & Senior Partner New York
BCG
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Varun Paul
Senior Director, Financial Markets
Fireblocks
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Thomas Moser
Alternate Member of the Governing Board
Swiss National Bank
Moderator
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