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.
Block already runs a bank that takes deposits: the one it just asked the OCC for can't, and that's the point.
From: American Banker, 8 September 2026.
Block filed 4 September for a second bank charter, Builders Bank, an uninsured trust bank barred from taking deposits or making loans. It would be the seventh OCC-chartered crypto custody bank, filed months ahead of the SEC's pending "qualified custodian" rule.
Read briefing
Broadridge brings G7 government debt to its tokenized repo platform: the $7.4 trillion scale was already real, the collateral list just grew.
From: Broadridge Financial Solutions, 2 September 2026.
Broadridge's Distributed Ledger Repo platform, already moving $351 billion a day, added G7 government securities to a collateral list that had been US Treasuries only. The scale was never the open question; what it can hold is.
Read briefing
ECB sets a go-live date for tokenized central bank money: Project Pontes answers Schnabel's Jackson Hole warning.
From: CoinGape, 29 August 2026.
ECB Executive Board member Isabel Schnabel told Jackson Hole that central banks must put their own money on-chain or lose the settlement layer to dollar stablecoins. Three weeks later, Project Pontes dropped its pilot label and set a 21 September go-live, with Clearstream and Axiology among the first outside platforms connecting.
Read briefing
South Korea puts a date on tokenized securities: the legal recognition is real, the stablecoin settlement layer waits on a law Seoul hasn't passed.
From: CoinDesk, 4 September 2026.
South Korea's FSC unveiled a three-phase roadmap for tokenized securities, with legal recognition for institutional funds, bonds and unlisted shares effective 4 February 2027 and no new license required. Phase three, stablecoin settlement, waits on a law Korea hasn't passed.
Read briefing
21 banks commit to a joint dollar stablecoin: the industry the BIS just told to build tokenized deposits chose to build a stablecoin instead.
From: Joint press release via PR Newswire, 01 September 2026.
21 banks, from Bank of America to MUFG, committed to build a jointly owned dollar stablecoin company, three days after the BIS told Jackson Hole that tokenized deposits should carry payments instead. No name, governance, or licence yet, and two of the European members already back a rival euro consortium.
Read briefing
Japan's FSA asks to strip a family-trust tax rule off stablecoins: the fix helps one issuer today, and April 2027 is the earliest it can land.
From: Japan Ministry of Finance, 31 August 2026.
Japan's FSA filed a formal tax reform request to exempt trust-type stablecoins from filing a tax report every time a beneficiary changes, a rule built for family trusts that breaks down for a token that moves all day. The fix, subject to Diet approval, takes effect 1 April 2027 at the earliest and today applies to exactly one issuer, JPYSC.
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.