What Tokenization Unlocks that FedNow Can't

9.8.26 | 12:00 PM EST

Instructor: Angela Murphy

Course Duration: 1 HR

What You'll Learn

FedNow proved that U.S. banks can move money instantly, around the clock, at scale. But instant is not the same thing as programmable, and a payment message is not the same thing as a programmable asset. This course draws a clear, source-grounded line between what FedNow was built to do and what tokenization, tokenized deposits, and regulated payment stablecoins can now do on top of it: conditional payment logic, delivery-versus-payment settlement, and continuous cross-border reach that was previously unavailable in an instant environment.

This presentation gives financial institution leaders a practitioner-level, non-hyped view of where tokenization actually stands today, what it means for deposit retention and fee income, and what a board and examiner will expect from a governance program before the institution moves.

Topics covered in this course

FedNow's Structural and Regulatory Limits
What Tokenization Adds Beyond Instant Payments
The GENIUS Act Framework for Permitted Issuers
Real Adoption Data vs. Market Hype
Deposit Retention and Fee Income Impact
Building a Risk-Managed Governance Roadmap

Who Should Attend

CFOs and finance leadership at banks, credit unions, and Fintechs
Treasury and payments operations leaders
Commercial banking leadership evaluating new product and deposit strategies
Compliance and risk officers, including model risk and BSA/AML functions
Board members and executive management at community banks, credit unions, mid-size and regional banks, and bankers' banks

About the Author:

Angela Murphy

- Angela Murphy, Ph.D.—widely known as Payments Elsa—is a leading voice at the intersection of faster payments, artificial intelligence, and fintech innovation. With a Ph.D. and years of hands-on experience in B2B payments, solutions integration, and financial technology, Angela bridges the gap between emerging technologies and practical strategy, helping financial institutions transform how money moves. - A trusted advisor and strategist, Angela works with banks, credit unions, and fintechs to navigate the complexities of real-time payments, behavioral AI, and digital infrastructure modernization. Her work is grounded in deep market insight and a relentless drive to make complex financial concepts clear, actionable, and inclusive—for industry leaders and everyday users alike. - Angela is a graduate of the PayTech Women Executive Academy and the Money20/20 RiseUp program, and she was named the 2024 Emerging Trendsetter by PayTech Women. She is also a Founding Fellow of Coruzant Technologies and a passionate advocate for diversity, equity, and representation in financial services and technology. - A dynamic speaker and educator, Angela frequently delivers webinars and guest lectures for institutions such as UC Berkeley, the University of Missouri’s Bloch School of Business, and the Regnier Institute for Entrepreneurship and Innovation. Her thought leadership has been featured across global podcasts and media, including The Payments Podium, Cybersecurity Matters, PCN, Off the Rails, Wrestling Payments, and Versatile Ph.D.

On-Demand Course