Frame Appoints Lloyd Moore as Co-Founder and Chief Technology Officer
Lloyd Moore will lead the technical development of Frame, the settlement layer for modern finance, helping institutions modernize through their existing systems.
14 Sept 2026
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105 articles
BVNK vs Frame: two different answers to moving money across rails
BVNK is licensed stablecoin payments infrastructure, now being acquired by Mastercard. Frame is a rail-neutral settlement layer. How the two models differ and which fits which flows.
19 Aug 2026
How to choose settlement infrastructure: the institutional buyer's guide
The seven decisions that determine which settlement infrastructure fits: corridors, settlement assets, membership model, compliance, custody, integration, and concentration risk.
19 Aug 2026
Club rails vs open layers: two models for settlement modernization
Consortium networks settle brilliantly for members; open rails reach everyone they onboard. The two models, their economics, and the third option.
18 Aug 2026
Payment orchestration vs settlement orchestration
Two industries use the word orchestration for different layers. One routes checkout transactions across PSPs; the other routes value across settlement rails.
18 Aug 2026
Remittance infrastructure: what sits under the apps
The stack beneath consumer remittance brands: licensed originators, aggregator networks, correspondent fallbacks, local payout rails, and where stablecoin corridors fit.
18 Aug 2026
Thunes alternatives: emerging-market payouts and what sits above them
Thunes' Direct Global Network explained fairly, where institutional needs diverge, and the alternatives by need: Nium, Wise Platform, Ripple, CPN, and a settlement layer.
18 Aug 2026
The treasury payment stack in 2026
The layers of a corporate treasury payment stack in 2026: TMS, bank connectivity, payment hubs, FX platforms, and the settlement layer emerging underneath them.
18 Aug 2026
Conduit alternatives
What Conduit's stablecoin-powered USD network does, where it fits, and the alternatives by need: BVNK, Bridge, Thunes, Nium, and a rail-neutral settlement layer.
17 Aug 2026
Singleness of money: why central banks prefer deposit tokens
The BIS argues stablecoins can break the singleness of money; the industry disputes it. Both sides, and what it means for rail adoption.
17 Aug 2026
Stablecoin liquidity for institutional flows
What liquidity means when institutions settle in stablecoins: primary redemption at par, secondary market depth, corridor reality, and how to size flows to both.
17 Aug 2026
What is a stablecoin API?
What a stablecoin API abstracts, how build-vs-buy plays out for institutions, the evaluation checklist, and the difference between one network's API and orchestration.
17 Aug 2026
Fnality: settlement in central bank money
How Fnality's omnibus-account model lets institutions settle 24/7 in balances backed by funds at the Bank of England, what is live, and what is not yet.
16 Aug 2026
Safeguarding vs deposit insurance: what protects the money
Four protection models sit under institutional money: bank deposit insurance, EMI safeguarding, stablecoin reserves, and tokenized deposits. What each actually covers, and what buyers should check.
16 Aug 2026
The BIS unified ledger vision
The BIS blueprint for a unified ledger: tokenized central bank money, bank deposits, and assets on one programmable platform, and how far the vision is from live systems.
16 Aug 2026
Japan's stablecoin regime: trust-type tokens, the 2025 reform, and JPYC
How Japan regulates stablecoins under the Payment Services Act: who may issue, the trust-type model, the 2025 reserve reform taking effect by June 2026, and JPYC's launch.
15 Aug 2026
Partior: the bank consortium ledger, explained
What Partior is, who owns it, how atomic settlement in commercial bank money works across USD, EUR, and SGD, and where the network's reach ends.
15 Aug 2026
UAE stablecoin regulation: the Payment Token Services Regulation, explained
How the UAE regulates stablecoins: the CBUAE's Payment Token Services Regulation, dirham vs foreign payment tokens, AE Coin, and what the framework means for institutions.
15 Aug 2026
The Canton Network, explained
What the Canton Network is, what actually runs on it today, how its privacy-enabled model differs from public chains and consortium ledgers, and the open questions.
14 Aug 2026
Corridor economics: why some payment routes cost so much more
Why sending money UAE to India costs 1.5% while Sub-Saharan African corridors average 8.78%: liquidity, competition, de-risking, controls, and last-mile rails.
14 Aug 2026
Just-in-time liquidity
Just-in-time liquidity replaces peak-sized pre-funding with funding on demand. How CLS and RTGS systems proved the model, and what modern settlement rails change.
14 Aug 2026
Project mBridge: where it landed
Project mBridge reached minimum viable product in 2024, then the BIS stepped back. Who runs it now, what it can do, and what it means for cross-border settlement.
13 Aug 2026
Stablecoin payouts: paying out at scale across rails
Who uses stablecoin payouts, where they beat bank rails, what running them requires (off-ramps, Travel Rule data, treasury funding), and their honest limits.
13 Aug 2026
Zero Hash alternatives
What Zero Hash does, where its embedded model fits, and the alternatives by need: Bridge, BVNK, Fireblocks, Paxos, and a rail-neutral settlement layer.
13 Aug 2026
Nium alternatives: payout APIs, networks, and settlement layers compared
What Nium does well, where institutional needs diverge, and the alternatives by need: Thunes, Wise Platform, Ripple, Circle CPN, and a rail-neutral settlement layer.
12 Aug 2026
Cut-off times: the hidden clock inside correspondent banking
How cut-off times stack across a correspondent chain, why a Friday payment can land on Tuesday, how treasurers plan around the clock, and what 24/7 rails change.
12 Aug 2026
What Visa and Mastercard are doing with stablecoins
Visa's $7B stablecoin settlement run rate, Mastercard's Multi-Token Network and pending BVNK acquisition, and what scheme-owned rails mean for institutions.
12 Aug 2026
Why payment reconciliation still burns treasury hours
Why reconciliation exists at all, where the hours actually go, and what richer data, real-time confirmation, and shared ledgers change about it.
11 Aug 2026
Stablecoin market structure: issuers, supply, concentration
The stablecoin market as of July 2026: ~$304B total supply, the issuer table from USDT to RLUSD, why two issuers hold ~85%, and what concentration means for institutions.
11 Aug 2026
Wise Platform alternatives: matching the infrastructure to the flows
Where Wise Platform excels, where institutional needs diverge from it, and the alternatives by need: Thunes, Nium, Ripple, stablecoin rails, and a settlement layer.
11 Aug 2026
Where sanctions screening happens in a payment
Every institution in a payment chain screens the same transaction, and most alerts are false positives. Where screening happens and why payments stop.
10 Aug 2026
SEPA vs SWIFT: which one moves your payment
SEPA is a scheme area for euro payments; SWIFT is a messaging network for banks. What each actually does, when a payment uses which, and what that means for cost and speed.
10 Aug 2026
Stablecoins in corporate treasury: uses and limits
What corporate treasurers actually use stablecoins for, the accounting and audit questions to settle first, the policy decisions that matter, and the honest limits.
10 Aug 2026
Basel's crypto-asset rules: how banks capitalize stablecoin exposure
The Basel SCO60 standard explained: Group 1 and Group 2 classification, the stablecoin tests, the 1,250% risk weight, exposure limits, and where the EU, UK, and US actually stand on implementation.
9 Aug 2026
Where stablecoin corridors beat the correspondent chain
Where stablecoin settlement genuinely beats correspondent banking: thin coverage, high costs, volatile currencies, and the corridor data behind it.
9 Aug 2026
UK and EU payment rails: CHAPS, Faster Payments, TARGET2, and SEPA explained
How the UK and euro-area payment rails work: CHAPS, Faster Payments, Bacs, the Eurosystem's T2, SEPA credit transfers, and the instant payments mandate now in force.
9 Aug 2026
Euro stablecoins: EURC and the EMT market
Why euro stablecoins are 100 times smaller than dollar ones, who issues them under MiCA (Circle, SG-FORGE, Quantoz, StablR), what Qivalis changes, and what the euro gap means for EU corridors.
8 Aug 2026
Settlement for enterprise treasury
What enterprise treasury should demand from settlement infrastructure: bank relationships intact, netting supported, policy control, auditability, and rail optionality without a rip-and-replace.
8 Aug 2026
The Travel Rule: what has to travel with a payment
What originator and beneficiary data must travel with wires and stablecoin transfers, the sunrise problem, and the 2025 Recommendation 16 overhaul.
8 Aug 2026
Bank-issued stablecoins: who is building what
The verified map of bank-issued stablecoins in 2026: SG-FORGE's live EURCV and USDCV, Hong Kong's first licensed issuers, the Qivalis euro consortium, and the G7 exploration.
7 Aug 2026
Embedded settlement for SaaS and ERP platforms
What it takes for a SaaS or ERP platform to offer settlement as a product feature: the embedded finance precedent, the build questions, and where a settlement layer fits.
7 Aug 2026
Singapore's stablecoin framework
MAS finalized its stablecoin framework in 2023; the implementing law is still pending as of July 2026. What the SCS rules require and who complies.
7 Aug 2026
Settlement and proof for exchanges and trading venues
Trading venues face two settlement demands at once: 24/7 finality for clients and provable integrity for regulators. What the infrastructure answer looks like.
6 Aug 2026
From the RLN to the UK tokenised sterling deposit pilot
The lineage from the Regulated Liability Network experiments to the UK's live tokenised sterling deposit pilot: participants, use cases, timeline, and what it signals about bank money.
6 Aug 2026
UK stablecoin regulation: where the FCA regime stands
The FCA published final stablecoin rules on 30 June 2026. What PS26/10 requires, the road to October 2027, the Bank of England's systemic regime, and how the UK compares to MiCA and the GENIUS Act.
6 Aug 2026
Citi Token Services, explained
How Citi Token Services works: tokenized deposits on a private permissioned ledger, integration with 24/7 USD Clearing, the first live bank client, and the single-bank boundary.
5 Aug 2026
Hong Kong's Stablecoin Ordinance, explained
What Hong Kong's Stablecoins Ordinance requires, who holds the first licenses, and what the regime signals for Asia's settlement corridors.
5 Aug 2026
Project Agorá: the central bank answer takes shape
What Project Agorá is, what its May 2026 prototype proved about tokenized cross-border settlement, what real-value testing means, and what Agorá will not become.
5 Aug 2026
Settlement infrastructure for PSPs and processors
Why settlement is the margin problem for PSPs and processors: pre-funding costs, corridor sprawl, integration debt, and how to evaluate the alternatives.
5 Aug 2026
FX settlement risk: the problem CLS solved, and the flows it did not
What FX settlement risk is, how CLS and payment-versus-payment remove it, and why trillions of dollars a day still settle with no protection at all.
4 Aug 2026
Intercompany settlement: why it is slow and what fixes it
Why payments between subsidiaries of the same group crawl over external banking rails, what that traps in working capital, and the ladder of fixes from netting to programmable settlement.
4 Aug 2026
Ripple Payments for institutions: what it is, and the alternatives
Ripple has assembled payments, a stablecoin, prime brokerage, and treasury software into one stack. What Ripple Payments actually offers institutions in 2026, its limits, and the alternatives by need.
4 Aug 2026
Settlement infrastructure for banks
What settlement infrastructure means for a bank in 2026: the client demand, the deposit mathematics, and how to evaluate build, join, or overlay paths.
4 Aug 2026
Multilateral netting: the guide
How multilateral netting works: the netting cycle, the liquidity math, what a program requires, where netting stops helping, and what settles the remaining net.
3 Aug 2026
US payment rails: Fedwire, CHIPS, FedNow, RTP, and ACH explained
How the five main US payment rails work, what each costs and settles, how they differ, and how they combine in the domestic leg of a cross-border payment.
3 Aug 2026
Why settlement networks do not talk to each other
Different settlement assets, closed memberships, and economics that reward capture over connection keep the new settlement networks apart.
3 Aug 2026
Cross-border payment infrastructure providers in 2026
The institutional guide to cross-border payment infrastructure in 2026: fintech networks, card scheme rails, bank consortia, stablecoin platforms, and settlement layers.
2 Aug 2026
The G20 cross-border payment targets are slipping. Here is the scorecard
Five years into the G20 Roadmap, the FSB says the 2027 cross-border payments targets are unlikely to be met. The targets, the 2025 numbers, and what the misses mean.
2 Aug 2026
Inside Kinexys, JPMorgan's answer to public rails
What Kinexys by J.P. Morgan actually is: the deposit token JPMD, more than $5 billion a day in volume, and the structural fact that everything settles on one bank's ledger.
2 Aug 2026
The stablecoin sandwich: fiat in, stablecoin across, fiat out
How the stablecoin sandwich works, why the middle leg is fast while the fiat edges are slow, which corridors it wins, and what eventually collapses the pattern.
2 Aug 2026
Bridge (Stripe) alternatives for stablecoin infrastructure
Bridge gives Stripe's ecosystem stablecoin APIs and one-click issuance. The alternatives, mapped by need: issuer networks, payments platforms, regulated issuance, and rail-neutral settlement.
1 Aug 2026
Bank deposit tokens: who is building what
The 2026 map of bank deposit tokens: J.P. Morgan's JPMD, Citi Token Services, the UK's tokenised sterling pilot, Germany's CBMT, the consortium efforts, and the pattern they form.
1 Aug 2026
Wholesale CBDC, explained: central bank money for the settlement layer
What wholesale CBDC is, how it differs from retail CBDC, the live pilots (Helvetia, Pontes, mBridge, Agorá), what it would change for settlement, and realistic timelines.
1 Aug 2026
Why cross-border payments fail
The main reasons international payments fail: bad beneficiary data, compliance holds, missed cut-offs, and funding gaps, plus what actually reduces failure rates.
1 Aug 2026
The shrinking correspondent network, in numbers
Correspondent banking's decline in numbers: ~30% fewer active relationships 2011-2022, the regions losing coverage fastest, and what it means.
31 Jul 2026
Fireblocks alternatives for settlement (not custody)
Fireblocks is custody-first infrastructure. If what you need is settlement and payment orchestration rather than key management, the alternatives look different. The map, by need.
31 Jul 2026
On-ramps and off-ramps: where stablecoin payments touch fiat
What stablecoin on-ramps and off-ramps do, why the cost and delay of a stablecoin payment concentrate at the ramps, and how institutions evaluate ramp coverage.
31 Jul 2026
Tokenized deposits vs CBDCs: two tiers of money on shared ledgers
Tokenized deposits and central bank digital currencies compared: commercial bank money vs central bank money, the two-tier logic, who is building which, and how they fit together.
31 Jul 2026
BVNK alternatives after the Mastercard acquisition
BVNK is being acquired by Mastercard, closing expected late 2026. What the deal changes, and the alternatives by need: Bridge, Zero Hash, Circle, Fireblocks, Frame.
30 Jul 2026
De-risking: why correspondent banks cut whole regions off
De-risking explained: the compliance economics that make correspondent banks exit customers, banks, and whole regions, what the data shows, and what it does to the payments that remain.
30 Jul 2026
Stablecoins vs CBDCs: who issues the money, and where each is actually live
Stablecoins and central bank digital currencies compared: issuer, claim structure, regulation, real-world adoption, and what the split means for institutions.
30 Jul 2026
Circle Payments Network alternatives
Alternatives to Circle's CPN: other stablecoin networks, bank consortium ledgers, fintech payout networks, and rail-neutral settlement layers.
29 Jul 2026
Intermediary bank fees, explained
What intermediary bank fees are, why they are deducted mid-route, what OUR, SHA, and BEN actually mean, and why the sender cannot see the cost upfront.
29 Jul 2026
Tokenized deposits vs stablecoins
The head-to-head institutions keep asking for: issuer, claim structure, regulation, reach, interest economics, interoperability, and which instrument fits which job.
29 Jul 2026
How long does an international wire actually take?
Typical international wire times by scenario: same-day on major corridors, one to five business days elsewhere, and exactly what adds the extra days.
28 Jul 2026
ISO 20022: what changes and what does not
ISO 20022 explained for institutions: the migration timeline, what richer structured data improves in screening and reconciliation, and what a message standard cannot change.
28 Jul 2026
Tokenized deposits: the institutional guide
What tokenized deposits are, how they differ from stablecoins and e-money on the balance sheet, why banks prefer them, who is live in 2026, and where the limits sit.
28 Jul 2026
Circle Payments Network: how it works and where it stops
How the Circle Payments Network settles cross-border payments in USDC and EURC, who governs it, how fast it is growing, and the flows that sit outside its scope.
27 Jul 2026
The stablecoin risks institutions actually underwrite
A candid map of the five risks institutions take on when they settle in stablecoins: depeg, issuer and reserve, concentration, operational, and regulatory divergence.
27 Jul 2026
SWIFT gpi: what it fixed and what it left
How SWIFT gpi works: UETR tracking, member SLAs, and the published speed figures, plus the parts of correspondent banking that tracking alone cannot change.
27 Jul 2026
What if compliance ran inside settlement?
Financial crime compliance costs institutions over $206 billion a year and still runs outside the payment itself. What changes when policy is evaluated inside settlement.
26 Jul 2026
What is stablecoin orchestration?
Stablecoin orchestration explained: the layer that routes payments across coins, chains, and on/off-ramps through one integration, and why it is converging with settlement orchestration.
26 Jul 2026
B2B stablecoin payments: what is actually moving
What the data shows about B2B stablecoin payments in 2026: real volumes, the corridors and use cases that are live, and the frictions the headline numbers hide.
25 Jul 2026
The GENIUS Act rulemaking: what actually landed
US regulators missed the GENIUS Act's 18 July 2026 deadline for final stablecoin rules. What each agency delivered, what is outstanding, and what it means.
25 Jul 2026
How banks are using stablecoins
The three models banks are using to handle stablecoins: routing third-party coins, issuing their own tokens, and partnering with regulated infrastructure. What each requires.
25 Jul 2026
Which stablecoins are MiCA-compliant? The July 2026 list
The stablecoins with MiCA-authorized issuers as of July 2026, what authorization actually requires, what happened to USDT in the EEA, and how institutions should route EU corridors.
25 Jul 2026
The real cost of pre-funding
Why correspondent settlement forces institutions to park capital in nostro accounts before any payment exists, what that idle capital actually costs, and what reduces it.
24 Jul 2026
Stablecoin infrastructure providers in 2026: the institutional map
The stablecoin infrastructure market grouped by model: issuer networks, custody platforms, payment APIs, and settlement layers, with what each is best for.
24 Jul 2026
Stablecoin regulation by jurisdiction: the 2026 map
The status of stablecoin regulation in the US, EU, UK, Hong Kong, Singapore, UAE, and Japan as of July 2026: what is in force, what is proposed, and what institutions should check per corridor.
24 Jul 2026
The hidden costs of cross-border payments
The quoted fee is the smallest cost of a cross-border payment. Where the money actually leaks: fees deducted in flight, FX spreads, trapped liquidity, delay, reconciliation, and failures.
23 Jul 2026
MiCA vs the GENIUS Act: how the two big stablecoin regimes compare
A side-by-side comparison of the EU's MiCA and the US GENIUS Act: scope, issuer categories, reserves, redemption, supervision, and what the differences mean for institutions operating across both.
23 Jul 2026
How stablecoin settlement works, step by step
A cross-border B2B payment over a stablecoin rail, walked step by step: fiat in, mint or transfer, ledger finality, fiat out, and where the risks sit.
23 Jul 2026
USDC vs USDT for institutional payments
USDT has the liquidity, USDC has the regulatory standing. How the two largest dollar stablecoins compare for institutional payment flows in 2026.
23 Jul 2026
MiCA's stablecoin rules: EMTs, ARTs, and full enforcement
MiCA's stablecoin rules explained: e-money tokens vs asset-referenced tokens, the enforcement timeline to 1 July 2026, and which coins are authorized in the EEA.
22 Jul 2026
Stablecoin settlement vs SWIFT: an honest comparison
SWIFT moves messages between 11,500 institutions; stablecoins move value in minutes. Where each wins, where each fails, and what the comparison misses.
22 Jul 2026
Why international payments still take days
Six reasons an international payment takes days: cut-offs, correspondent hops, the beneficiary leg, compliance stops, funding gaps, and batch processing.
22 Jul 2026
Clearing vs settlement: what actually happens to a payment
Clearing agrees who owes what; settlement moves the money. The difference explains payment risk, finality, and why a cleared payment can still fail.
21 Jul 2026
What the GENIUS Act means for banks
What the GENIUS Act changes for banks: the issuance route, the deposit-flight debate, and the decisions facing treasury and payments teams.
21 Jul 2026
How SWIFT works: messaging, settlement, and where the time goes
SWIFT is a messaging network, not a settlement system. How a SWIFT payment actually moves, what ISO 20022 changed, and where the days and fees accrue.
21 Jul 2026
The GENIUS Act: the US payment stablecoin rulebook
What the GENIUS Act requires of payment stablecoin issuers, where the implementing rules stand in July 2026, and what the framework means for institutions.
20 Jul 2026
SWIFT alternatives in 2026: how institutions settle cross-border payments
The seven real alternatives to SWIFT: upgraded incumbent rails, instant payment links, bank consortia, central bank projects, fintech networks, stablecoin rails, and the settlement layer spanning them.
20 Jul 2026
What is a settlement layer?
A settlement layer is the infrastructure where payments actually complete. What it is, how it differs from messaging and clearing, and why one is emerging above today's fragmented rails.
20 Jul 2026
Alternatives to correspondent banking for cross-border settlement
The full map of alternatives to correspondent banking: upgraded incumbent rails, interlinked instant payment systems, bank-owned settlement networks, central bank projects, fintech networks, stablecoin rails, and where Frame fits.
14 Jul 2026
The interbank settlement network landscape: Partior, Fnality, RLN, and mBridge
A factual guide to the new interbank settlement networks: what money moves on Partior, Fnality, the Regulated Liability Network, and Project mBridge, what is live, and where Frame fits.
14 Jul 2026
Stablecoin settlement infrastructure for regulated institutions
A survey of the stablecoin settlement landscape for banks, payment providers, exchanges, platforms, and enterprises: Circle's CPN, Paxos, Bridge, bank-issued money, and where a rail-neutral settlement layer fits.
14 Jul 2026
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