Last Tuesday, Teknei had the pleasure of participating in the II BASQUEFIK Meeting – Euskadiko Finantza eta Inbertsio Klusterra, a space where leaders of the financial and regulatory sector analyzed how money evolves towards its digital version and how this transformation affects sovereignty, regulation and business models.
Our Director of Decentralized Digital Identity, Lucas Carmona Ampuero, starred in a Fireside Chat with Jorge Quevedo Duran (Multiverse Computing), where they explored the role of digital identity in a financial ecosystem with an emerging variety of digital money, and in particular the role of the European Union in defining new global standards for Digital Identity. In an environment with multiple issuers of digital money-including cryptoassets, stablecoins, CBDCs and tokenized deposits-having a trusted and secure Digital Identity zero-layer reduces the risks and fraud in the value layer represented by the new digital money to a minimum.
During the session, it was highlighted how technology not only transforms the way we use money, but also how we perceive the trust and validity of our transactions. Lucas shared his vision on the challenges and opportunities that arise from integrating digital identity and digital money: from improving operational efficiency to opening up new monetization possibilities for businesses and issuers, and highlighted the role of the European Union as a driver of the European Digital Identity Ecosystem (EUDI) as a geostrategic element in Europe’s global positioning.
The meeting stressed that the real digital money revolution is not simply to eliminate cash, but to build a secure, universal and accessible ecosystem, where digital identity becomes a central pillar for navigating the economy of the future. “Stablecoins are the current Rockstar of the new digital money,” the session highlighted. In line with the EU’s push for cryptoasset regulation with the MiCAR Regulation, “from Brussels the MiCAR regulation has been launched, and in the US the GENIUS Act, key regulations to lead the future of digital money,” Lucas explained.
At Teknei we remain committed to innovation in decentralized digital identity and driving the EUDI Ecosystem, convinced that the combination of technology, regulation and emerging business models will set the course for money and digitization in the coming years.
