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Biba Homsy
Board Member
Interchain Foundation - Cosmos Lab
View LinkedIn profileBiba Homsy is lawyer in Luxembourg and Switzerland.
She is active in the Blockchain and crypto space since 2015 and run her boutique law firm Homsy Legal with 4 associates in Geneva and Luxembourg supporting private actors with specialisation in regulatory, compliance, financial services and crypto-assets.
Before that, she was heading teams at the Swiss regulator FINMA for 5 years, and was also Chief Compliance for CREDIT SUISSE where she was in charge of Luxembourg and its European branches (France, Portugal, Ireland, Austria, Netherland) with oversight of 40 people.
She has been designated one of the 30 worldwide crypto experts by the International World Economic Forum (WEF) to support the WEF in the digital expansion
She is a lecturer for several universities in compliance, AML and Fintech.
She holds two masters of Laws (French & Swiss Universities) and a certification from Harvard Law School on regulation.
She seats in the board of directors of 3 major Banks in Europe :
• Clearstream - Luxembourg
• Credit Agricole - Switzerland
• EFG - Switzerland
Speaking At
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3:00–4:30pmTue 17 NovPublic-Private RoundtableRoundtable Room 4Invite-Only
Tokenized Market Infrastructure – The Scaling Challenge
Enterprise Tokenized Settlement: Can Convertibility Hold Under Stress At Scale?
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Avalon IngramDigital Assets Business LeadSwift
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Aymeric SalleyHead of Digital Assets PlatformBanking Circle
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Biba HomsyBoard MemberInterchain Foundation - Cosmos Lab
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Jesse McWatersEVP, Head of Global PolicyMastercard
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John O'NeillManaging Director, Digital Assets & Currencies, CIBHSBC
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Dr. Marius SkuodisBoard MemberBank of Lithuania
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Sunayna TutejaFormer Chief Innovation OfficerFederal Reserve SystemModerator
About this session
Tokenized money is going plural — stablecoins and tokenized bank deposits are both moving toward live enterprise use in 2026, but they hold their value at par through different mechanisms, and each faces a different test under stress. Stablecoins hold par through reserves and redemption, now being formalized by 2026 rulemaking, from the GENIUS Act to MiCA; under stress, the question is whether reserves and redemption queues hold up in a run. Tokenized deposits hold par through the existing two-tier banking system and a central bank's guarantee of convertibility, but scale through interbank plumbing that's still being decided — settlement-bank arrangements or shared platforms. Under stress, the question there is whether that plumbing, and the counterparty exposure it creates, holds up if a bank or a platform fails.
As regulators and participants warned at the Point Zero Forum, the open question is whether convertibility at par survives a crisis in practice, on any of these rails. This session asks what needs to be built at each stage — reserve or capital backing, custody or bank participation, secondary-market trading, and cross-ledger settlement — for that convertibility to hold under stress. It puts reserve-backed and deposit-backed models on equal footing: where each is already resilient, where each is still exposed, and whether a fragmented rails landscape is itself becoming the bigger risk to singleness than any one model's design.
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