Recognition
Stellar Community Fund recognition.
Recipient of Stellar Community Fund support for designing and architecting an AI-powered, non-custodial, stablecoin-based payment system for cross-border settlements for SMBs and NGOs.
The Strategy & Architecture partner for digital assets and AI.
tracee advises banks, multilateral funds, and digital asset platforms on the design and deployment of the tokenized economy, compliant stablecoins, payment and settlement rails, and agentic financial workflows.
Awards and recognition.
Award
Circle Impact Award.
Winner of the Circle Impact Award for architecting a bulk-payment system that delivers funds to refugees and enables secure collection through SMS codes and MoneyGram access.
Circle Alliance Program
tracee is a Certified Member of the Circle Alliance Program, Circle's curated partner network for institutional builders deploying USDC and EURC payment, treasury, and settlement infrastructure.
View tracee on the Circle partner directoryPatent
AI patent, imminent approval.
Patent in advanced review stage, covering a multi-agent AI architecture for digital-payment platforms. Designed to automate transaction flows, enhance security, and deliver contextual, intelligent payment execution.
Trusted by teams across fintech and payments
What we work on.
Four practice areas where we hold the deepest tools and the longest mileage. Each engagement draws on whichever combination the decision requires.
Product strategy.
Translate regulatory posture into a product brief, a target architecture, and a roadmap engineering and risk can ship.
- Define the product brief, scope, and target architecture.
- Map institutional and operational user journeys.
- Translate regulatory posture into product constraints.
- Compliance scoping: KYC, AML, CFT, Travel Rule, GDPR.
- Deliver executable roadmaps for engineering and risk.
Stablecoin infrastructure.
Reserves, settlement, custody, oracles, and bank-rail integration. Designed against MiCA, NYDFS, and MAS.
- Design settlement flows, redemption windows, and reserve composition.
- Architect MiCA, NYDFS, and MAS-compliant issuance models.
- Select chains, custody patterns, and oracle architecture.
- Integrate with bank rails and treasury operations.
- Define operational liquidity and capital buffers.
Tokenized products.
Tokenized deposits, money-market funds, and real-world assets, engineered for institutional issuance and distribution.
- Tokenized deposits, money market funds, short-dated debt.
- Real-world asset frameworks for institutional issuers.
- Subscription, redemption, and corporate-action mechanics.
- Distribution architecture across regulated venues.
- Secondary-market design and tokenholder reporting.
Agentic AI workflows.
Treasury, KYC, and exposure workflows shipped from pilot to production with the guardrails regulators expect.
- Identify deploy-ready use cases across finance functions.
- Design human-in-the-loop oversight for agentic systems.
- Treasury reconciliation, KYC review, exposure monitoring.
- Define guardrails, escalation paths, and audit trails.
- Stage rollouts from pilot to production safely.
How an engagement runs.
01
Discovery call.
Thirty minutes, no charge.
02
Scoping document.
Within one week of the call.
03
Engagement proposal.
Scope, deliverables, and timeline, defined up front.
04
Weekly working sessions.
With your decision-makers in the room.
05
Decision-grade deliverables.
Documents your board can act on.
Recent reading
Latest briefings.
The courier becomes the issuer: MoneyGram replaces USDC with native MGUSD on Stellar and puts 60 million users on a self-custodial dollar.
MoneyGram launched MGUSD on Stellar on 2 June, replacing five years of third-party USDC distribution with a native stablecoin issued by Bridge, a Stripe company. Twenty-nine days after Western Union's USDPT on Solana, the remittance duopoly's on-chain migration is complete. Self-custodial wallets in the MoneyGram app turn a transfer network into a dollar-savings rail for 60 million users across 200+ countries.
Read briefingThe card grid closes: Mastercard opens global settlement to regulated stablecoins and ends the batch window.
Mastercard opened its Multi-Token Network to six regulated stablecoins (USDC, PYUSD, USDG, USDP, RLUSD, SoFiUSD) across eight chains, with intraday, weekend, and holiday settlement cycles. Three weeks after Visa's $7B annualized run rate disclosure, the card duopoly is both legs committed. The T+1 batch window is structurally optional for MTN participants.
Read briefingThe infrastructure thesis: Citi puts $5.5T on the table and hands the tokenization roadmap to DTCC, Nasdaq, and ICE.
Citi's Tokenization 2030 report projects a $17B to $5.5T market by 2030, naming DTCC (October 2026), Nasdaq, and ICE as the infrastructure carriers. The engine is a stablecoin-to-Treasury feedback loop: $1.9T in stablecoins driving up to $1T in on-chain Treasury demand. Wall Street's incumbent rails now hold the tokenization roadmap.
Read briefingThe money market lesson: Schnabel warns stablecoins carry MMF run risk and are cementing dollar dominance.
ECB Executive Board member Isabel Schnabel drew a direct parallel between stablecoins and money market funds at the 2026 Bank of Korea International Conference, pointing to the 2008 and 2020 MMF runs as the template. Global stablecoin supply: $300B, roughly 99 percent dollar-denominated. Euro stablecoins remain a rounding error and the ECB now treats that as a sovereignty issue.
Read briefingThe missing cash leg: BIS proves atomic cross-border settlement works and moves Project Agorá to real money.
Eight central banks (Bank of England, FRBNY, Banque de France, Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of Canada) and 40+ private banks proved atomic multi-currency cross-border settlement works in simulation. Shared sanctions screening across all participants eliminates the compliance bottleneck. Project Agorá moves to live money next.
Read briefingThe settlement layer opens up: DTCC picks Stellar as the first public blockchain for DTC-custodied equities, ETFs, and Treasuries.
DTCC named Stellar as the first public blockchain for DTC-custodied securities, targeting H1 2027. Canton Network (permissioned) goes live in July and October 2026. BlackRock, Goldman, JPMorgan, Ondo, Kraken, Anchorage all in. The chain choice is a distribution decision; DTC custody is unchanged.
Read briefingLong-form analysis
Latest reports.
Stablecoin architecture for regulated issuers.
The design choices facing institutions preparing to issue or back a regulated stablecoin in 2026, across MiCA, NYDFS, and MAS regimes.
Preview the reportA board-ready assessment framework for the tokenized economy.
The methodology tracee uses to scope an architecture review. Capability map, decision matrix, and five evaluation axes.
Request the reportMulti-rail payments for emerging market disbursement.
An anonymized read of a disbursement program spanning six Central African countries. Rail selection, treasury operations, FX exposure.
Request the reportFrequently asked
Common questions about tracee
What does tracee do?
tracee advises banks, multilateral funds, and digital asset platforms on the design and deployment of the tokenized economy, compliant stablecoins, payment and settlement rails, and agentic financial workflows.
Where is tracee based?
tracee is based in Paris, France, and operates as Tracee SAS, a registered French company. Engagements are delivered globally.
Who founded tracee?
tracee was founded by Bassel Assaad, an engineer and inventor with 29 patents across five jurisdictions and a PhD in IT and systems from Sorbonne Universités. He is a UN advisor, and a senior expert in digital assets and AI in finance.
What kind of consulting does tracee offer?
tracee offers four engagement formats. Milestone-based mandates deliver strategic architecture and execution oversight on a fixed-scope basis. Embedded engagement places senior expertise inside the team on a daily-rate, continuing basis. Advisory provides an independent read on trajectory through recurring weekly, biweekly or monthly sessions with written debriefs. Executive workshop is a private session scoped to the work.
What topics does tracee specialise in?
Four practice areas: stablecoin infrastructure (settlement flows, MiCA / NYDFS / MAS issuance, custody, oracles), tokenized products (deposits, money market funds, real-world assets), agentic AI workflows (treasury reconciliation, KYC review, exposure monitoring), and product strategy (KYC, AML, CFT, Travel Rule, GDPR compliance, executable roadmaps for engineering and risk).
Who are tracee's clients?
tracee advises banks, multilateral funds, digital asset platforms, and fintech CFOs. Current mandates include a UN multilateral climate fund (digital payment and AI infrastructure across six Central African countries) and a digital asset platform with a South African footprint.
How do I work with tracee?
The first step is a 30-minute discovery call, free and without obligation. Book a call or email hello@traceeapp.com.
Does tracee publish research?
Yes. tracee publishes long-form reports on the architecture of the tokenized economy. Recent publications include Stablecoin architecture for regulated issuers, A board-ready assessment framework for the tokenized economy, and Multi-rail payments for emerging market disbursement. Browse reports.
Start with a conversation.
Thirty minutes, no slide deck, no obligation. We listen, we assess fit, and we tell you whether we can help.