Led the team who wrote the report for Project Khokha, the South African Reserve Bank's first wholesale CBDC experiment
Founded the blockchain capability at PwC South Africa
Currently Head of Digital Payments at PayInc, South Africa's automated clearing house
Where do we start?
Tokenisation in the context of your business model, your services and your customers, rather than in the abstract.
What should we do?
A strategic position and a set of choices, framed so that a board or ExCo can act on them.
What is actually going on?
What peers here and abroad are building, what has worked, what has quietly been shelved, and what the regulators are signalling.
What do we build?
Business case, build-buy-partner, proof of concept, and the capability to run it afterwards.
Money is being rebuilt in public
Stablecoins moved from the edge of the crypto market to the agenda of every central bank in under three years. Tokenised deposits are being piloted by the largest banks in the world. In South Africa the IFWG, the Reserve Bank and FSCA are all consulting on how this should be regulated, and the answers will shape what institutions here are allowed to build for the next decade.
The institutions that come out of this well are the ones that form a view early and test it, rather than waiting for the rules before they do anything.
