The Final Block by Investre
Hosted by Georges Bock, Founder of Investre, The Final Block explores how tokenized funds are reshaping Luxembourg’s investment landscape — from UCITS to AIFs, regulation to real adoption. It’s where asset managers, regulators, and innovators speak candidly about what’s working, what’s changing, and what’s next.
Episodes
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, safe
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 financ
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 ex
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 collat
Patrick Hennes on MiCA, Tokenisation & Rebuilding the Banking Value Chain
On 30 December 2024, MiCA entered into force — and tokenisation moved from experimentation to boardroom priority.In this episode of The Final Block, Georges Bock speaks with Patrick Hennes, Head of Digital Asset Servicing at DZ PRIVATBANK and one of Luxembourg’s early blockchain pioneers.Patrick explains why the industry has reached a structural inflection point.For nearly a decade, blockchain in
Trailer | Traditional Banks & Fund Services in a DLT World with Patrick Hennes
A preview of our upcoming episode on traditional banks and fund services in a DLT world.Patrick Hennes discusses what may become the killer use case for tokenisation, how banks are approaching DLT today, and why the conversation has shifted from experimentation to infrastructure.Full episode launching on 12 February.
What Stablecoins Really Change in Fund Settlement — and What They Don’t with Dr. Paul Newton
Stablecoins are often presented as the missing piece for faster settlement in fund markets.This conversation takes a different view.Drawing on decades of experience in clearing and fund infrastructure, Dr. Paul Newton explains why settlement can already improve without changing how investors pay, and why the real constraints sit elsewhere. The discussion moves from hybrid fiat–on-chain models to d
Trailer | Tokenization Without Disruption: How Funds Go On-Chain Without Breaking Anything with Dr. Paul Newton
In this episode of The Final Block, Dr. Paul Newton explains how funds can be issued as native digital assets while continuing to use existing fiat payment rails and market infrastructure.The conversation looks at how tokenization enables incremental adoption, compresses settlement cycles, and increases transparency without forcing changes to current operating models. It also explores how on-chain
GENIUS Act, Stablecoins, and Europe’s Settlement Future (with Nasir Zubairi, LHoFT)
In Episode 5 of The Final Block, Georges Bock speaks with Nasir Zubairi, CEO of LHoFT and member of the EU Blockchain Observatory Forum, about the external forces reshaping Europe’s market infrastructure.The conversation focuses on the US GENIUS Act and why it could accelerate US dollar stablecoins as a core settlement asset, with knock-on effects for Europe’s competitiveness, monetary sovereignty
Trailer | The Genius Act & the Future of Capital Markets with Nasir Zubairi
In this trailer for The Final Block – Episode 5, Nasir Zubairi, CEO of The LHoFT and member of the EU Blockchain Observatory Forum, explains why the US Genius Act could redefine global financial infrastructure.From US-dollar stablecoins to tokenised money market funds, Nasir argues that capital markets are rapidly shifting — and that Europe risks falling behind if it continues to treat stablecoins
MICA vs MiFID: Tokenised Funds, Blockchain Laws and the Control Agent with Nadia Manzari
In this episode of The Final Block, Georges speaks with Nadia Manzari, former Head of Financial Innovation, Corporate Governance and Payment Services at the CSSF and founder of Manzari Legal.The conversation focuses on how MICA, MiFID, and Luxembourg’s Blockchain Laws apply to tokenisation in the fund business. Nadia explains the regulatory boundary between crypto assets and tokenised financial in
Trailer | Full Breakdown of Tokenised Funds Regulation: MICA, MiFID & Blockchain Laws with Nadia Manzari
In this episode, former CSSF Head of Innovation Nadia Manzari breaks down the regulatory foundations shaping Europe’s tokenised fund ecosystem — with clarity and precision.We unpack:The real distinction between MICA and MiFIDWhat qualifies as a crypto asset under MICAWhy Luxembourg introduced four Blockchain LawsThe implications of Blockchain Law 4How the Control Agent works and who can become one
How Blockchain Really Works — Eric Falk on Wallets, Smart Contracts & T+0
In this episode, Georges Bock sits down with blockchain expert Dr. Eric Falk to unpack the real mechanics behind tokenised funds: wallets, custody, smart contracts, minting/burning, freezing, recovery, interoperability and settlement logic.Eric explains why blockchain is not just a new database but a shared record for the entire fund value chain, and why the industry is finally moving toward T+0.A
Trailer | How Blockchain Really Works for Tokenised Funds with Dr. Eric Falk
This trailer gives you a first look at Episode 3 of The Final Block, where we strip blockchain down to its essentials — the cryptographic links, the shared ledger, the custody models and the smart-contract logic that makes tokenised funds work.If you want a simple, no-jargon breakdown of the real infrastructure behind tokenisation, this episode is for you.
How Luxembourg’s Blockchain IV Law Will Change Tokenised Funds | Raoul Heinen (Linklaters)
Luxembourg now has one of the most advanced DLT frameworks in the world — and it changes everything for tokenised funds.In this episode, Georges Bock speaks with Raoul Heinen (Partner, Linklaters Luxembourg) to unpack Blockchain Laws I–IV, the Control Agent model, and what “native” fund tokens really mean from a legal and operational perspective.They explore how tokenisation removes legacy bottlen
Why Tokenisation Is Accelerating in MMFs & ETFs | Sébastien Schmitt (PwC)
Tokenisation has moved from theory to adoption — fast.In this opening episode of The Final Block, Georges Bock sits down with Sébastien Schmitt (PwC Luxembourg) to break down why global interest in tokenisation has exploded and what this means for the fund industry.They explore the acceleration across money market funds, ETFs, digital settlement rails and retailisation — and why a new generation o
Why We Created The Final Block | The Story Behind The Podcast
Welcome to The Final Block — the podcast where Luxembourg’s fund industry meets the future.In this short introduction, Georges Bock shares why we created The Final Block, what the industry needs to understand about tokenised funds right now, and why Europe can’t afford to fall behind.You’ll learn:• Why tokenisation has moved from theory to reality• What’s pushing asset managers, regulators, and in
Trailer | The Tokenisation Shift Is Now Unstoppable — Sébastien Schmitt Explains the New Landscape
In this trailer, Sébastien Schmitt breaks down why tokenisation is accelerating globally, why major institutions can’t afford to sit on the sidelines, and how new infrastructure is making digital assets the default, not the exception.Full episode launching on November 20th.
Trailer | How Luxembourg Took Securities On-Chain: Raoul Heinen Explains the New Blockchain IV Law
In this exclusive conversation, Raoul Heinen breaks down how Luxembourg’s new blockchain framework (the “Blockchain IV” law) lets securities exist natively on distributed ledgers — without the need for traditional transfer agents. Full episode launching on November 20th.
Fund Tokenisation, Without the Fluff — The Final Block
Heard the word tokenisation one too many times lately? We get it.That’s why we made The Final Block — the podcast that finally makes sense of fund tokenisation.Real conversations with the people actually building the tokenised fund industry.No jargon. No hype. Just what matters: regulation, operations, and the future of digital funds in Luxembourg.Hosted by Investre, the regulated infrastructure p
