Banks are standing at one of the biggest turning points in modern finance. Tokenization, stablecoins, and programmable finance are no longer experiments — they are becoming core financial infrastructure. In this episode, Rameez Ali explores how programmable money is forcing banks to rethink their role in a system that is faster, cheaper, and more intelligent.

We look at real-world case studies: JPMorgan’s Onyx platform and JPM Coin for intraday settlement, Citi’s pilot of tokenized deposits, Goldman Sachs’ digital bond initiatives, and the European DLT Pilot Regime. Along the way, we discuss market strategist Tom Lee’s powerful observation that banks that embrace tokenization could be valued more like technology companies than traditional lenders.

This episode unpacks what that really means for banking models, regulation, and the future of financial intermediation.