In recent years, the use of online means of payment continues to grow while the use of physical cash is on the decline. From the first use of metal coins thousands of years ago, to the dematerialization of money and electronic bookkeeping, the advent of new technologies (e.g. programmability, tokenization, DLT) represents the next stage in the evolution of money and payments.
On-chain payment solutions are central to digital assets adoption. Transactions involving tokenized real-world assets require an appropriate payment and settlement leg. Programmability (e.g. automatic payments subject to pre-determined conditions) can reduce costs, simplify user experience, reducing human error and counterparty risk, enabling micro-payments, providing for greater transparency, reduced intermediaries (and associated fees).
From tokenized deposit and stablecoins, to 'synthetic' central bank digital currencies, we have worked closely with clients and consortiums in the establishment of digital payment solutions in both the wholesale and retail contexts.
We provide our clients with regulatory analysis, support on authorization, drafting and negotiating agreements with commercial counterparties, and more.
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