What Stablecoins Really Change in Fund Settlement — and What They Don’t with Dr. Paul Newton

Stablecoins are often presented as the missing piece for faster settlement in fund markets.
This conversation takes a different view.

Drawing on decades of experience in clearing and fund infrastructure, Dr. Paul Newton explains why settlement can already improve without changing how investors pay, and why the real constraints sit elsewhere. The discussion moves from hybrid fiat–on-chain models to delivery-versus-payment, liquidity limits inside funds, and what becomes possible once fund units exist on-chain.

This is a practical conversation about operating models, not ideology. About what changes first, what changes later, and why confusing the two slows real adoption.