September 15, 2022 –New crypto-related products and services are emerging alongside traditional products and services. There is a broad range of crypto-assets and other services that FIs will need to support, including smart contracts, settlements, central bank digital currencies, cryptocurrencies, utility tokens, stablecoins, security tokens, non-fungible tokens, and integration with Banking-as-a-Service intermediaries. Banks and FIs will need to update and add to existing architecture blueprints and related roadmaps to avoid redundant infrastructures, applications, and support teams.

This Impact Report presents a checklist of architecture challenges FIs must consider as they move forward with products dependent on distributed ledger technology (DLT) and underlying blockchain technology. This report is based on Aite-Novarica Group research conducted in 2021 and 2022 on blockchain and DLT, in addition to external articles. This report also uses the author’s experience and best practices that Aite-Novarica Group has observed in financial services IT organizations.

This 24-page Impact Report contains five figures and one table. Clients of Aite-Novarica Group’s Community Banking service can download this report and the corresponding charts.

This report mentions Coinbase.