The Final Block
Luxembourg’s leading podcast on fund tokenisation. Insights from regulators, asset managers, and innovators. Hosted by Georges Bock.
The Final Block is an unfiltered journey into the world of fund tokenisation
Hosted by Georges Bock, Founder of Investre, The Final Block explores how tokenised funds are reshaping Luxembourg’s investment landscape, from UCITS to AIFs, regulation to real adoption.
It’s where asset managers, regulators, and innovators speak candidly about what’s working, what’s changing, and what’s next.
Watch recent episodes→Europe’s digital asset problem: regulation isn’t enough – Oliver Schmitt
Oliver Schmitt, Managing Partner and CEO of ValueX and Managing Director of Vienna Congress, discusses the challenges holding back Europe’s tokenised economy, from fragmentation and compliance costs to the Vienna Declaration and the opportunity to connect Vienna and Luxembourg.
Every conversation so far.
Chris Hollifield, Head of Business Development at Luxembourg for Finance, explores the next phase of fund tokenisation and the challenges shaping its adoption, from the race between stablecoins and central bank digital currencies to the future of secondary markets.
Thierry Joseph, Senior Associate at Luther, unpacks how KYC and AML work in a tokenised fund environment and what really changes when fund units move on-chain, from the responsibilities of funds, ManCos, distributors and wallet providers to the role of the control agent under Luxembourg’s Blockchain IV framework.
Yves Elvinger joins The Final Block to explain why a tokenised fund share isn't one thing but two: a registered share running on-chain, or a dematerialised share under Luxembourg's new Control Agent model. He covers central administration, money market fund use cases, and how tokenisation fits inside existing umbrella structures.
Daniel Coheur, co-founder of Tokeny and contributor to ERC-3643, discusses why technology alone won’t transform financial markets. From programmable compliance and digital identity to interoperability and open standards, the conversation explores what is needed for tokenised assets to move from experimentation to global adoption.
Ralf Wandmacher, CFO & COO of 21X, discusses the future of digital capital markets, from T+0 settlement and tokenised securities to Europe's position in the global tokenisation race. The episode explores why legacy infrastructure is under pressure, how real-time finance is reshaping investor expectations, and what comes next for regulated digital markets.
Max Costet on wallet infrastructure and its role in institutional tokenisation. From private key control and MPC to governance, safekeeping and embedded user experiences, the episode explores why wallets are becoming a foundational layer of tokenised fund infrastructure.
Robert Crossley, discusses what happens when a regulated fund operates natively on blockchain. From real-time shareholder records and programmable assets to the broader implications for asset managers, this conversation explores how tokenisation is moving from experimentation to real infrastructure.
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.
Nasir Zubairi discusses how the US GENIUS Act is accelerating the adoption of US dollar stablecoins, why stablecoins are increasingly used as settlement instruments rather than payment tools, and what this means for Europe.
Dr. Eric Falk breaks down the real mechanics of blockchain, from wallets and smart contracts to minting, burning, freezing, and recovery, and explains why the infrastructure for true T+0 settlement already exists today.
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New episode every other week.
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