Financial Infrastructure

Financial infrastructure encompasses payment, clearing, settlement, custody and liquidity networks, as well as the security and compliance technologies that support them. The focus is shifting from proofs of concept to real-world deployment: stablecoins are taking on distinct roles for different use cases, asset tokenization and 24/7 markets are advancing, Paxos has secured clearing eligibility, and Anchorage and Google Cloud are expanding into agentic banking. At the same time, the market is assessing whether tokenization meets Wall Street's needs and whether cross-border adoption, cybersecurity and regulation can keep pace. These changes could reshape the efficiency of money transfers, the role of financial institutions and the way global markets connect.