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.
Solana ships a settlement standard: J.P. Morgan shaped the requirements, but one settlement authority still decides when both legs release.
From: Solana Foundation, 6 October 2026.
Solana DvP is an MIT-licensed, audited escrow that releases a securities leg and a cash leg in one transaction. J.P. Morgan advised on requirements, but a single settlement authority still triggers release and privacy features are not yet shipped.
Read briefingFiserv puts a bank stablecoin into production: North Dakota's Roughrider Coin turns a core-banking login into a Solana settlement rail.
From: Fiserv, 1 October 2026.
Fiserv's platform is live with Roughrider Coin, a permissioned Solana token for 90+ North Dakota banks. No volume, supply or reserve figure is published.
Read briefingCircle Foundation funds a stablecoin desk inside the UN: UNDP and WFP get money to build the plumbing, not to run a new pilot.
From: Circle Foundation, 25 September 2026.
Neither grant buys a live payment. Both fund the governance and reconciliation systems behind pilots that were already running on Stellar.
Read briefingThe Clearing House picks its pipes: Quant becomes the wiring for a bank network moving $2 trillion a day, and no one has named the ledger it runs on.
From: The Clearing House / Quant, 24 September 2026.
Quant was named vendor for the tokenized deposit network 25 US banks are building, closing the watchpoint tracee flagged in June. No blockchain has been named yet.
Read briefingThe Fed finally opens its own stablecoin rulebook: OCC and FDIC published their reserve rules months ago, and none of the three is final.
From: Federal Reserve Board, 24 September 2026.
The Fed proposed GENIUS Act reserve, capital and application rules seven months after the OCC and five after the FDIC. None of the three is final yet.
Read briefingCanada's Big Six banks answer stablecoins with a joint deposit token: OSFI cleared the legal question twelve days earlier, and nobody has named who builds it.
From: National Bank of Canada / joint statement, 22 September 2026.
BMO, CIBC, National Bank, RBC, Scotiabank and TD signed a joint statement to explore a shared CAD tokenized deposit, with no platform, vendor or date named yet.
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.