Geometric façade panels of a King Abdullah Financial District tower, Riyadh
Insights

Perspectives on Financial Services & Emerging Technology

Analysis and perspectives on fintech, AI, digital assets, payments, innovation and financial-services transformation.

Diagram of a tokenised bond lifecycle across issuers, intermediaries and investorsDigital Assets

HSBC's Milestone & The Future of Debt

A landmark tokenised bond issuance marks a turning point for institutional debt markets. We examine what it means for issuers, investors and market infrastructure.

13 February 2026 · 6 min read

Diagram of institutional adoption stages from pilot to productionTransformation

The Adoption Paradox

Blockchain adoption depends less on technology than on risk appetite, clear ownership and executive sponsorship of measurable operating-model change.

06 February 2026 · 5 min read

Diagram of pre-funded liquidity trapped across correspondent banking accountsPayments

The Pre-funding Paradox

Tokenised settlement can release liquidity trapped in correspondent banking, but doing so requires changes to treasury, operational and risk processes built around delayed settlement.

30 January 2026 · 5 min read

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