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Jannah Patchay
Executive in Residence & Board Member
Global Digital Finance
View LinkedIn profileJannah is the founder of Markets Evolution, advising firms on identifying and capitalising on innovation opportunities, and crafting and executing strategies within highly regulated environments. She is passionate about shaping the financial markets of the future by leveraging frontier technologies to create innovative financial services and products that drive social and environmental impact while expanding access to financial services. Her current focus areas include the evolution of digital asset markets, the development of new forms of digital money, including stablecoins, and sustainable financial systems. A long-standing contributor to the development of domestic and global financial policy and regulation, Jannah has played a key role in shaping organisations that drive the regulatory agenda for digital assets and digital currencies, both in the UK and globally, with respect to digital money and assets, most recently as an Executive in Residence and Board Member at Global Digital Finance, and co-founder and Executive Director of the Digital Pound Foundation (now part of Innovate Finance).
Speaking At
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11:30am–1:00pmTue 17 NovPublic-Private RoundtableRoundtable Room 3Invite-OnlyModerator
Tokenized Market Infrastructure – The Scaling Challenge
Multi-Issuance and Its Alternatives: Making Cross-Border Stablecoin Recognition Work
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Aymeric SalleyHead of Digital Assets PlatformBanking Circle
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Chengyi OngDirector of Policy & Regulatory Strategy, APACCircle
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Jesse McWatersEVP, Head of Global PolicyMastercard
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Jonah CraneHead of Global Regulatory & Policy StrategyStripe
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June LauAPAC Head of Policy & Regulatory AffairsElliptic
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Lesley ChavkinHead of PolicyRibbit Capital
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Peter KerstensAdvisor, DG FISMAEuropean Commission
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Rahul AdvaniGlobal Co-Head of PolicyRipple
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Sasha MillsExecutive Director of Financial Market InfrastructureBank of England
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Jannah PatchayExecutive in Residence & Board MemberGlobal Digital FinanceModerator
About this session
The GDF Global Stablecoin Regulatory Playbook, published in January 2026, set out shared terminology and outcome-based principles for stablecoin regulation across jurisdictions. The subsequent report ‘Global Stablecoin Regulatory Frameworks: Closing the Gap’ drawn from insights at the Point Zero Forum in June 2026 took this work a step further. It mapped where regulators already agree and isolated the one problem that domestic frameworks were never designed to solve: how a stablecoin issued under one jurisdiction's rules can circulate safely under another's.
The report framed two models for scaling beyond domestic rules. The first keeps issuance local while seeking to preserve a unified token, through multiple licensed entities issuing a fungible stablecoin under comparable standards. The second permits a foreign-issued stablecoin to operate through recognition based on comparable, rather than identical, regulatory outcomes. It also recorded differing regulatory perspectives on the perceived risk associated with multi-issuance, particularly correlated redemption pressure and the resilience of a stablecoin’s fungibility under stress.
The roundtable convenes policymakers, global standard-setters and industry leaders to examine how these models could operate in practice. When is multi-issuance necessary to meet host-jurisdiction objectives? When can unilateral or mutual recognition provide sufficient safeguards? Where a combination of the two is appropriate, how should responsibility for reserves, redemption, supervision and crisis management be allocated? The session will focus on the conditions needed to make each approach workable while preserving fungibility and avoiding unnecessary regulatory fragmentation.
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