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Hosted by
Karin Keller-Sutter
Federal Councillor & Head of the Federal Department of Finance, Switzerland
Calvin Cheng
Chairman
Paymonade Tech
Calvin Cheng is currently Chairman and Founder of Paymonade Tech, a digital assets on/off ramp solutions company based in the EEA. He is also a founding shareholder of Longbridge Securities , one of the largest online brokerages in Asia.
Calvin is also the Honorary Consul and Head of Diplomatic Mission, of the Republic of Serbia to the Republic of Singapore. He is the first Honorary Consul of Serbia to be appointed in Singapore, since the commencement of diplomatic relations between the two countries. Previously, Calvin was also an appointed Member of Parliament of Singapore in the Eleventh Parliament.
Calvin graduated from the University of Oxford with a Master of Arts in Philosophy, Politics and Economics, and a Master of Science in Management.
Speaking at
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4:00–5:30pmThu 25 JunGFTN InsightsRoundtable Room 1, Ground FloorOpen
Blueprint for Digital Assets
Beyond De-Risking: Are Stablecoins the Future of Trusted Cross-Border Payment Infrastructure?
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Adam GagenGlobal Head of Government AffairsRevolut
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Bridget Rose Mesina-RomeroDirector, Payments Policy and Development DepartmentBangko Sentral ng Pilipinas
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Calvin ChengChairmanPaymonade Tech
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Carine ChartouniDeputy Division Chief, Legal DepartmentInternational Monetary Fund
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Dr. Guerino ArdizziDeputy Head of the Analysis & Database Division (Retail Payment Instruments & Services Directorate)Banca d'Italia
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Jeannie LimCo-Founder & Head of GrowthXweave.io
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Juan López CarreteroHead of Market Development EuropeStellar Development Foundation
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Julie GuettaManaging DirectorThitsaWorks
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Mathias ImbachCo-founder & Group Chief Executive OfficerSygnum
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Matthias ObrechtHead Supervision New TechnologiesSwiss Financial Market Supervisory Authority (FINMA)
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Steven McWhirterGlobal Policy LeadBinance
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Prof. Yesha YadavBoard Member & ProfessorFintech Foundation, Vanderbilt Law School
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Lucy InghamVice President of ResearchFXC IntelligenceModerator
About this session
Cross-border payments remain among the most expensive, slowest, and least accessible financial services globally. Stablecoins have emerged as a working alternative in the corridors underserved by traditional correspondent banking, processing significant volume alongside traditional rails, but questions of trust, reserve integrity, adoption, and systemic risk remain unresolved.
As regulatory frameworks mature across jurisdictions, this roundtable will explore the question of whether stablecoins are poised to graduate from a parallel system into genuine cross-border payment infrastructure, and what has to be true about their design, governance, and regulatory treatment for that to happen.
With payment-native banks, institutional settlement networks, and central banks at the table, the conversation will move beyond the technology debate to the harder questions of standards, coexistence, and who bears the risk when settlement infrastructure fails at scale.
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