Insights
Written for the person doing the evaluating. No sales collateral, no numbers we cannot defend. Just the decisions that determine whether one of these programmes works.
- 5 min read
Tokenized deposits or stablecoins?
They are not competing versions of the same thing. They are different instruments with different failure modes.
Read - 4 min read
Renting a licence: what you still have to own
The charter can be somebody else's. The ledger cannot.
Read - 5 min read
Your customer should never see a wallet
If the chain is visible, the abstraction has failed. And you have imported its failure modes into your support queue.
Read - 4 min read
What a neobank costs to build
Four decisions set the number. Everything else is rounding.
Read - 4 min read
Build or buy: the core ledger decision
The one architectural choice that is genuinely hard to reverse.
Read - 4 min read
Why neobank programmes fail in month seven
The gap between what the regulator was told and what is being built.
Read - 4 min read
What a stablecoin reserve has to survive
Redemption is not a feature. It is the only thing being tested.
Read
Answers
Shorter questions, answered directly.
Ledgers, rails, reserves, licensing and compliance. One question per page, answered in the first sentence.
Bring us the hard part.
Forty-five minutes with the people who would actually run the build.