As digital assets gain traction beyond mere speculation, banks and fintechs are re-evaluating their financial products. Traditional banks are leveraging this trend to modernize settlement systems and explore new revenue opportunities, while fintechs focus on adding digital asset functionalities efficiently. Ben Milne's journey from Dwolla's API-first payment platform to leading Brale, which develops infrastructure for stablecoin issuance, highlights these changes. The discussion underlines key strategic elements for institutions engaging with stablecoins and emphasizes the shift toward new financial infrastructures.
At the time, the shift was that protocols were becoming much better, and were on the time horizon of being the better tool for the job. And stable coins clearly seemed to be the use case for those protocols, but creating it was really expensive and really hard.
Banks can now deploy blockchain tech that looks like traditional core systems.
It's an opportunity to modernize settlement systems and explore new revenue streams for traditional banks.
Ben Milne's transition from modernizing ACH at Dwolla to building stablecoin infrastructure reflects broader industry shifts toward entirely new financial rails.
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