Jerald David, the chief executive of Lynq, argues that modern finance cannot rely on isolated payment pathways. He points to the Bank of England’s pilot with a digital pound as a glimpse of how multiple digital currencies might coexist. According to David, the market will not settle on a single token; instead, stablecoins, tokenized deposits, money‑market fund tokens, possible central bank digital currencies, and traditional bank money will each serve distinct needs.
The real trouble emerges when these assets travel on separate rails. Even if a firm holds enough capital overall, it may lack the right form or location when a transaction must close. Fragmented systems strain funding, collateral handling, and settlement processes. Companies often pre‑position funds across several venues, tyi