Inside Digital Assets - Tokenization, Digital Assets and new market infrastructures

BX Digital und Seturion

Inside Digital Assets is the interview podcast on tokenization, digital assets, and the technologies that make them viable for capital markets. We focus on real-world use cases from issuance and structuring to trading, settlement, and custody, all the way to governance, compliance, and technology. Host Lidia Kurt (CEO of BX Digital & Seturion), Sven Wilke (CGO Seturion) and members of her team talk with people driving this transformation, about concrete projects, emerging market infrastructures, and the operational and regulatory implementation of digital assets across the value chain. What to expect (every two weeks): 🤝Institutional perspectives and real-world use cases: issuance, trading, settlement, custody of tokenized assets 🤝Practical insights on opportunities, limitations, and implementation questions 🤝Interviews with experts from market infrastructure, banks, issuers, tech, and regulation Episodes are published in German or English. Listen and subscribe!🔔

  1. Solving the Digital Islands Problem - a conversation with Frank Frank Seibold, Chainlink [EN]

    18 Jun

    Solving the Digital Islands Problem - a conversation with Frank Frank Seibold, Chainlink [EN]

    Digital assets, tokenized assets and blockchain infrastructure are becoming increasingly relevant for institutional capital markets. In this episode of Inside Digital Assets, Lidia Kurt speaks with Frank Seibold (Managing Director and Global Head of Banking and Capital Markets at Chainlink). The conversation focuses on the infrastructure needed to make tokenized assets usable beyond digital representation. Key topics include trusted data for smart contracts, the oracle problem, interoperability between blockchain networks, real-time data, smart NAV, corporate actions, settlement and the coexistence of traditional finance and on-chain systems. Frank Seibold explains why tokenization alone is not enough. For digital assets to become relevant in capital markets, they need utility: reliable pricing, efficient settlement, interoperability and integration with existing financial infrastructure.

    34 min
  2. The rational for a shared ledger - a conversation with Ivica Aračić, SWIAT [EN]

    4 Jun

    The rational for a shared ledger - a conversation with Ivica Aračić, SWIAT [EN]

    How can digital assets scale in regulated capital markets? In this episode of Inside Digital Assets, host Lidia Kurt speaks with Ivica Aračić (CTO of SWIAT) about the role of distributed ledger technology in the future of financial market infrastructure. The conversation explores why shared ledgers matter, how tokenized securities can move from pilot projects to productive use, and what is needed for digital assets to become part of everyday capital markets. Key topics include SWIAT’s approach to regulated digital asset infrastructure, the concept of Regulated Layer One, the importance of interoperability, and the role of central bank money in settlement. Ivica also discusses initiatives such as Appia and Pontes, the relevance of delivery versus payment, and why DLT-based financial instruments still need to become “first-class citizens” compared to traditional securities. This episode is for anyone interested in digital assets, tokenization, DLT, shared ledger infrastructure, securities settlement and the future of regulated capital markets.

    33 min
  3. Making the Eiffel Tower investable via DLT? A converstion with Tom Rieder (ISP Group) [EN]

    21 May

    Making the Eiffel Tower investable via DLT? A converstion with Tom Rieder (ISP Group) [EN]

    What does it take for tokenization to create real value in capital markets? In this episode of "Inside Digital Assets", host Claudio Tognella speaks with Tom Rieder (Head of Digital Assets at ISP Group), about the practical implementation of tokenization and the role of digital assets in the future of capital market infrastructure. Tom explains why tokenization should not be an end in itself. Before an asset is tokenized, issuers need to understand the business case, the rights being represented, the target investors and the concrete benefits for all parties involved. The conversation covers real-world use cases such as real estate projects, pre-IPO shares, private equity and fund structures. It also explores why tokenized assets do not automatically become liquid and why secondary markets, custody solutions, distribution channels, market makers and reliable settlement infrastructure are essential. The episode also looks at the role of regulated infrastructure providers such as BX Digital and Seturion, and why banks, brokers and custodians may be key to making tokenized securities accessible to a broader investor base. A practical conversation about tokenization, digital assets, secondary markets and the next phase of capital market infrastructure.

    23 min
  4. Warum Europas Kapitalmarkt neue Infrastruktur braucht: Ein Gespräch mit Dirk Grunert von Morgan Stanley [DE]

    7 May

    Warum Europas Kapitalmarkt neue Infrastruktur braucht: Ein Gespräch mit Dirk Grunert von Morgan Stanley [DE]

    In dieser Folge von «Inside Digital Assets» spricht Host Lidia Kurt, CEO von BX Digital und Seturion, mit Dirk Grunert, Managing Director bei Morgan Stanley, über den technologischen Wandel im Kapitalmarkt und die Frage, warum neue Infrastruktur für Europa immer wichtiger wird. Dirk Grunert gibt Einblicke in das Geschäft mit strukturierten Produkten und erklärt, wie Derivate dabei helfen, Risiken zu verteilen und abzusichern. Gleichzeitig blickt er auf die Entwicklung des Bankings zurück: von physischen Wertpapieren, manuellen Prozessen und Röhrenmonitoren auf dem Trading Floor bis hin zu Online-Banking, Neo-Brokern und digitalen Marktprozessen. Im Zentrum der Episode steht die Tokenisierung von Wertpapieren und Vermögenswerten. Welche Rolle spielen Digital Assets für Banken, Emittenten und Anleger? Warum reichen bestehende Abwicklungs- und Verwahrstrukturen langfristig nicht mehr aus? Und wie kann moderne Settlement-Infrastruktur dazu beitragen, Kapitalmärkte effizienter, transparenter und skalierbarer zu machen? Ein weiterer Schwerpunkt ist Europa: Dirk Grunert spricht über die Fragmentierung des europäischen Kapitalmarkts, die Bedeutung einheitlicher Standards und die Chancen einer pan-europäischen Abwicklungsinfrastruktur. Dabei wird deutlich: Tokenisierung ist nicht nur ein technologisches Thema, sondern auch eine Frage von Wettbewerbsfähigkeit, Skalierung und neuen Geschäftsmodellen. Eine Folge über strukturierte Produkte, Digital Assets, Settlement, Tokenisierung, europäische Kapitalmarktinfrastruktur und die Zukunft des Wertpapierhandels.

    19 min
  5. Fixing Europe’s Issuance Problem: A conversation with Michael Duttlinger (Cashlink) [EN]

    23 Apr

    Fixing Europe’s Issuance Problem: A conversation with Michael Duttlinger (Cashlink) [EN]

    In this episode of Inside Digital Assets, host Lidia Kurt speaks with Michael Duttlinger (CEO and Co-Founder of Cashlink) about one of the key infrastructure challenges in Europe’s digital asset market: issuance. The conversation explores why the future of tokenized capital markets is unlikely to be fully decentralized, and why regulated intermediaries will continue to play an important role. Michael explains how the German crypto securities registrar model works, why it matters for institutional trust, and how it helps connect blockchain-based securities with the requirements of regulated capital markets. The episode also looks at Europe’s broader issuance landscape. While trading and settlement frameworks are evolving, issuance remains largely shaped by national regimes. Michael shares why this creates structural challenges for scaling tokenized securities across Europe, and which jurisdictions are likely to play a leading role in the years ahead. Another focus is the shift from pilot projects to real implementation. The discussion highlights why financial institutions need more than strategy and experimentation: real learning happens through actual issuance, involving not only innovation teams, but also compliance, legal, operations, and other core functions. Listeners will also gain insights into how Cashlink has evolved over the past decade, how the market is moving from proof-of-concept to production, and why hybrid models are likely to define capital market infrastructure for years to come. This episode is for anyone interested in tokenization, digital securities, capital market infrastructure, and the future of regulated digital finance in Europe.

    30 min
  6. Digitale Assets am Wendepunkt: Ein Gespräch mit Christoph Hock (Union Investment) [DE]

    9 Apr

    Digitale Assets am Wendepunkt: Ein Gespräch mit Christoph Hock (Union Investment) [DE]

    In dieser Episode von Inside Digital Assets spricht Host Lidia Kurt mit Christoph Hock, Head of Tokenisation and Digital Assets bei Union Investment, über die nächste Entwicklungsphase digitaler Vermögenswerte und die Frage, warum der Markt gerade jetzt an Dynamik gewinnt. Im Gespräch geht es darum, weshalb technologische Umbrüche für etablierte Marktteilnehmer strategisch entscheidend sind, welche Rolle Regulierung, Marktinfrastruktur und Cash on-chain für die Weiterentwicklung des Ökosystems spielen und warum offene, partnerschaftliche Lösungen für tokenisierte Wertpapiere so wichtig sind. Christoph Hock ordnet ein, wie sich der Markt für Digital Assets in Europa entwickelt, welche Impulse aktuell aus den USA und von Fintechs kommen und weshalb Themen wie 24/7-Handel, instantanes Settlement und tokenisierte Geldmarktfonds weit über einzelne Pilotprojekte hinausweisen. Die Episode bietet spannende Einblicke für alle, die besser verstehen möchten, wie sich Kapitalmarkt, Asset Management und digitale Finanzmarktinfrastruktur in den kommenden Jahren verändern könnten. Eine Folge über technologische Disruption, strategische Weichenstellungen und die Frage, was es braucht, damit Tokenisierung im Finanzmarkt breiter skaliert.

    24 min
  7. Wann wird Tokenisierung wirklich gross? Thomas Eichenberger von Sygnum im Gespräch [DE]

    26 Mar

    Wann wird Tokenisierung wirklich gross? Thomas Eichenberger von Sygnum im Gespräch [DE]

    Wann schafft Tokenisierung den Sprung vom viel diskutierten Zukunftsthema zur breiten Marktanwendung? In dieser Episode von Inside Digital Assets spricht Host Lidia Kurt mit Thomas Eichenberger, Chief Strategy Officer und stellvertretendem CEO von Sygnum, über die nächste Entwicklungsphase digitaler Assets und darüber, was es braucht, damit tokenisierte Vermögenswerte wirklich skalieren können. Im Fokus stehen reale Anwendungsfälle, die zeigen, wie Tokenisierung heute bereits umgesetzt wird: von der Tokenisierung eines Picasso-Gemäldes bis hin zu Projekten mit etablierten Partnern aus der traditionellen Finanzindustrie wie Hamilton Lane oder Fidelity International. Die Episode macht deutlich, wo Blockchain-Technologie bereits konkreten Mehrwert schafft und wo noch Hürden bestehen. Gleichzeitig geht es um die strukturellen Fragen hinter dem Wachstum des Marktes: Warum sind regulierte Sekundärmärkte so wichtig? Welche Rolle spielen Liquidität, Marktinfrastruktur und regulatorische Klarheit? Und welche Asset-Klassen könnten besonders früh von tokenisierten Modellen profitieren? Eine Episode für alle, die verstehen wollen, warum Tokenisierung weit mehr ist als ein technologisches Schlagwort und welche Voraussetzungen erfüllt sein müssen, damit digitale Assets im Kapitalmarkt den nächsten grossen Schritt machen.

    14 min
  8. Tokenized Securities: Why Cash on-Chain Matters [EN]

    12 Mar

    Tokenized Securities: Why Cash on-Chain Matters [EN]

    In this episode of Insights Digital Assets, Lidia Kurt sits down with Markus Fehn, head of strategy and innovation at Chartered Investment. They discuss how investment products are moving from traditional rails to tokenized capital markets and how to do so in a regulated, scalable way. Markus explains Chartered Investment’s platform approach of helping professional clients structure and issue investment products across three core areas: actively managed products, real-world asset products, and classic structured notes. He also discusses why tokenization is becoming a major growth driver. The conversation explores two key motivations: improving the efficiency of the entire product lifecycle (issuance, operations, accounting, and settlement) and expanding accessibility globally through new distribution channels. Concrete real-world examples are provided, including a physically backed tokenized gold product ("Green Gold"), tokenized real estate debt issuances, and rising demand from asset managers to bring investment funds on-chain, extending beyond money market strategies. A central theme is the importance of cash on-chain and how regulated stablecoins (e.g., EMTs) can enable programmable payment flows across the product lifecycle. Finally, Lydia and Markus discuss the biggest obstacles to broader adoption: legal fragmentation across jurisdictions and the need for shared technical and legal standards to scale tokenized securities and market infrastructure. If you’re curious about what the capital markets of tomorrow could look like when tokenization becomes "invisible" infrastructure rather than a buzzword, then this episode is for you.

    31 min
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About

Inside Digital Assets is the interview podcast on tokenization, digital assets, and the technologies that make them viable for capital markets. We focus on real-world use cases from issuance and structuring to trading, settlement, and custody, all the way to governance, compliance, and technology. Host Lidia Kurt (CEO of BX Digital & Seturion), Sven Wilke (CGO Seturion) and members of her team talk with people driving this transformation, about concrete projects, emerging market infrastructures, and the operational and regulatory implementation of digital assets across the value chain. What to expect (every two weeks): 🤝Institutional perspectives and real-world use cases: issuance, trading, settlement, custody of tokenized assets 🤝Practical insights on opportunities, limitations, and implementation questions 🤝Interviews with experts from market infrastructure, banks, issuers, tech, and regulation Episodes are published in German or English. Listen and subscribe!🔔

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