From T+1 to T0: Blockchain’s Real Value in Capital Markets with Renee Berman

Guest:

Renee Berman

Host:

Melissa Aarskaug

Episode Overview:

Atomic settlement sounds flashy, but most market participants actually want T0. In this episode, capital markets leader Renee Berman breaks down where blockchain is delivering real value today and what still needs to happen before it scales. From DTCC to Broadridge, Renee has led digital asset initiatives across core market plumbing. She explains tokenization, stablecoins, smart contracts, and why single source of truth plus 24 by 7 rails can cut risk and cost. We cover regulation, interoperability, buy side adoption, and a practical path from pilot to production.

Timestamps:

00:00 | Atomic settlement vs T0 why near real time beats instant for markets
00:41 | Meet Renee Berman strategist operator and blockchain leader
01:11 | A nonlinear career with a through line of impact
02:01 | Inside DTCC volumes custody and the digital asset mandate
03:00 | At Broadridge exploring how on chain rails change trade processing
04:12 | From nonprofit strategy to Goldman and Credit Suisse foundations
05:20 | Moving into the COO seat for equity derivatives learning on the fly
07:25 | Where blockchain delivers value today tokenization and market plumbing
08:02 | Tokenizing real world assets bonds equities private markets explained
09:15 | Market size today and 2030 projections for tokenized RWAs and stablecoins
10:00 | Early traction tokenized money market funds from major managers
10:52 | Repo and collateral use cases trillion dollar monthly volumes on DLT
11:28 | Why single source of truth and 24 by 7 availability matter
12:20 | T1 to T0 settlement netting tradeoffs and risk reduction
13:16 | Smart contracts automate asset servicing coupons dividends and more
13:54 | Democratization lowering minimums expanding investor access
14:49 | Adoption headwinds regulation interoperability identity and UX
15:23 | US momentum stablecoin rules Genius Act and the Clarity Act
16:39 | Buy side needs invisible blockchain no wallets same workflow better rails
18:21 | Making regulators comfortable DTCC Euroclear Clearstream BCG risk work
20:20 | New public chain risk framework focus on non financial risks
23:04 | Stablecoins what they are and why cross border payments lead
24:34 | Use case dollar access in high inflation economies
25:10 | One to one backing consumer protections and what is still missing
26:00 | Market structure who oversees what SEC and CFTC delineation
27:54 | Women in finance and crypto mentorship programs and progress
31:03 | The fourth industrial revolution AI blockchain robotics and finance
33:22 | The future 24 by 7 global markets programmable money and wallets
34:24 | How to get Renee’s white papers and continue the conversation

Connect With Renee:

LinkedIn: Renee Berman

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Visit our website: www.executiveconnectpodcast.com
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