Tokenized, Trusted, and Transparent

In today’s world, financial infrastructure is evolving faster than ever. Emerging technologies are challenging long-standing models for data storage, access control, and asset ownership. While fintech continues to innovate at the front end—with apps, APIs, and customer experiences—the back-end infrastructure remains deeply fragmented, heavily siloed, and largely paper-based when it comes to trust and governance. […]

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Fund Guardian in the Blockchain Era: Completing the Governance Puzzle of Clearstream’s New Digital Rail

Last week Clearstream unveiled a breakthrough for private-market funds: a distributed-ledger module for its Vestima platform, built on FundsDLT. In one stroke, it automates order routing, capital-call execution, asset servicing, and the exchange of operational data, while giving asset managers an anonymised, position-level view of every investor portfolio in near real time. For GPs, family

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The EU AI Act, DORA, and MiCA: The Emerging Structure of Board Accountability in Digital Regulation

Denis de Montigny PhD, CFA Introduction With the adoption of the EU AI Act, DORA (Digital Operational Resilience Act), and MiCA (Markets in Crypto-Assets Regulation), the European regulatory framework has expanded in scope and complexity. Each regulation addresses distinct technological domains—artificial intelligence, ICT resilience, and crypto-assets—but together they introduce a coherent supervisory approach: one that

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Board-Level AI Oversight and Independent Director Responsibilities in Light of the 2025 CSSF/BCL Review

Denis de Montigny PhD, CFA Introduction In May 2025, the Banque Centrale du Luxembourg (BCL) and the Commission de Surveillance du Secteur Financier (CSSF) published their second thematic review on the use of artificial intelligence in Luxembourg’s financial sector. The scope was significantly expanded compared to the 2023 review, and now provides the most comprehensive

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Harnessing Real-Time Oversight to Transform Fund Governance

Denis de Montigny PhD, CFA Abstract Real-time oversight is reshaping fund governance by allowing continuous monitoring and immediate response to compliance risks. This article explores the core technologies, strategic benefits, and practical implementation of real-time systems in financial oversight. Introduction Fund governance is evolving rapidly in response to the scale and speed of today’s investment

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