The Final Block by Investre

Ralf Wandmacher (21X): Is Europe Losing the Tokenisation Race?

Season 2 of The Final Block opens with Ralf Wandmacher, CFO & COO of 21X, Europe's first DLT MTF sandbox trading venue. Together with Georges Bock, he explores how tokenisation is reshaping capital markets, why trading and settlement are converging, the role of smart contracts and atomic swaps, and whether Europe can maintain its lead as the United States accelerates its digital asset ambitions. A conversation about infrastructure, regulation, investor behaviour and what the next generation of financial markets may look like.

Episode 9: Max Costet on Wallets, MPC and the Infrastructure Behind Tokenised Funds

In this episode of The Final Block, Georges Bock is joined by Max Costet, Sales Director at Fireblocks, to discuss the infrastructure layer behind institutional digital assets. They explore what wallets actually are, why private key control matters, and why financial institutions need governance, compliance and approval workflows on top of wallet infrastructure. The discussion also covers MPC, safekeeping, embedded wallets, tokenised money, and how wallet architecture supports the full lifecycle of tokenised funds. A practical episode on how digital asset control, operational design and regulated infrastructure come together in fund tokenisation.

Trailer | Wallet Infrastructure & Digital Asset Control | Max Costet (Fireblocks)

What is a wallet in regulated digital finance? In this episode of The Final Block, Georges Bock speaks with Max Costet from Fireblocks about the infrastructure behind institutional wallets and how cryptographic key control reshapes custody, governance and settlement. As tokenised assets grow across funds, bonds and collateral markets, wallet infrastructure becomes the control layer of digital finance. Full episode launching on 19th March 2026.

Franklin Templeton: Native Fund Tokenization and the Future of Asset Management

Franklin Templeton launched a 40-Act fund natively on-chain five years ago. Today, its shareholder record operates exclusively on blockchain. In this episode of The Final Block, Georges Bock sits down with Robert Crossley, Head of Digital & Industry Advisory Services at Franklin Templeton, to discuss what this actually changes for asset managers and the broader capital markets. The discussion explores real-time shareholder records, programmable assets, collateral mobility, and why adoption will ultimately be driven by utility rather than technology itself. A conversation about how tokenization is moving from experimentation to real-world infrastructure in the global fund industry.

Trailer | Franklin Templeton: 5 Years of Native Fund Tokenization

Five years ago, Franklin Templeton launched a 40-Act fund natively on-chain. Today, its shareholder record operates exclusively on blockchain. In this episode, Robert Crossley, Head of Digital & Industry Advisory Services at Franklin Templeton, joins Georges Bock to discuss what native tokenization changes in practice. From real-time records and interest accrual to programmable assets and collateral mobility, this is a conversation about utility — and what happens once clients begin to expect it as the baseline. A deep dive into the industrial application of fund tokenization in global asset management.