Moving on-chain initiatives from controlled pilots to production exposes a harder challenge: integrating always-on, programmable financial infrastructure into institutions built around legacy technology, operating models and controls. Scaling requires more than blockchain connectivity. It demands changes across core systems, data, treasury and liquidity management, reconciliation, custody, risk, compliance and organizational accountability. This working group will identify the technology and operating-model dependencies that stand between experimentation and scaled deployment—and develop a roadmap for building an institution capable of moving money and assets continuously, securely and across both traditional and on-chain infrastructure.

Discussion points the working group will take up include:

As money and assets become programmable and financial activity moves toward 24/7 execution, traditional control models built around reviewing, reconciling and monitoring transactions after the fact will increasingly be insufficient. Identity, permissions, compliance, risk parameters and transaction policies will need to operate in real time—and, in some cases, be embedded directly into the transaction itself. With AI agents capable of initiating and executing financial activity added into the mix, the governance challenge becomes even more significant. This working group will examine how institutions redesign trust and control for programmable finance, determining who and what is authorized to transact, under which rules, with what degree of autonomy—and how accountability is maintained when transactions execute automatically.

Discussion points the working group will take up include:

On-chain finance is moving from pilot to production, yet many companies still face key business decisions, notably what to prioritize strategically and how to allocate capital to achieve the desired outcome. As opportunities multiply across payments, stablecoins, tokenized deposits and assets, collateral, treasury and programmable finance, institutions must decide where to invest. The challenge is determining where on-chain capabilities solve a meaningful customer or institutional problem, create measurable economic value and strengthen—or protect—a strategic position. The working group will develop a framework for evaluating competing opportunities, quantifying the business case and sequencing investment, with the goal of identifying the two or three capabilities an institution should prioritize, fund and scale over the next 12–36 months—and what it should deliberately leave to others.

Discussion points the working group will take up include:

As financial activity moves on-chain, institutions face a strategic question that goes beyond whether to build or buy technology: What must they control to protect their economics, customer relationships and competitive position? TradFi companies will operate within an increasingly interconnected ecosystem of blockchain networks, stablecoin issuers, custodians, wallet providers, fintechs, exchanges, AI platforms and infrastructure companies. The working group will map where value and strategic control are likely to accrue across the emerging financial stack and determine which capabilities institutions should own, where partnerships can accelerate scale and innovation, and where dependence on third parties could create unacceptable strategic risk.

Discussion points the working group will take up include: