Speakers
Avalon Ingram
Digital Assets Business Lead
Swift
View LinkedIn profileAvalon is the Business Lead for Digital Assets at SWIFT, where she drives strategic engagement with banks, market infrastructures and regulators on the adoption of tokenization, digital assets and next-generation payment and settlement models. Her role supports SWIFT’s vision across both traditional and emerging digital asset ecosystems.
With over 14 years of experience across financial crime compliance, payments and RegTech, she has worked with AI-driven RegTech startups and served on the Singapore FinTech Association’s RegTech Sub-Committee (2020–2021). Avalon is a frequent speaker and moderator at industry events across digital assets, payments innovation, compliance and financial inclusion
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?
Public-Private RoundtableRoundtable Room 4Invite-Only
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Avalon IngramDigital Assets Business LeadSwift
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Aymeric SalleyHead of Digital Assets PlatformBanking Circle
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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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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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