🎓 Institutional Finance & Tech Summit: Rewiring The Financial System 📍 Toronto, Canada 📆 2027 🎙️ REWIRE Radio
Toronto, Canada
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REWIRE starts today.
Institutional finance, digital assets and AI: the developments worth understanding, the practical questions behind them, and what they mean for the people building financial services.
Follow along.
Before an AI agent pays a supplier, someone has to decide: which account it can use, who it can pay, how much, and when a person must approve.
With payments now settling in real time, there’s less time to catch a mistake.
Authority comes before automation.
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Live on Canada’s Real-Time Rail from day one:
@Wealthsimple, @GetKoho, @questbank, @PTC1886, Paramount Commerce, DoBusiness.com, @dcbanvanada and @BankofAmerica .
Mostly fintechs and challengers. Canada’s big banks join in the coming months.
Who builds the first standout use case?
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Payment received. Funds available. Settlement final.
On most Canadian payments, those are three different moments, and someone carries the risk in between. On the Real-Time Rail, live since Monday, they arrive together.
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Source: Payments Canada, Canada launches Real-Time Rail: payments.ca/canada-launches-…
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REWIRE Summit retweeted
Canada's stablecoin regs, clause by clause. Part 5: wallets and payment processors.
About 30 crypto firms, including custodial and software wallets, would join the Retail Payment Activities Act.
Custodial wallets must plan for the issuer failing** Fair ask?
teapawt.net/AndrewBulman5/status/2…
Canada's stablecoin regs, clause by clause. Part 4: what it costs.
Issuers would fund the Bank of Canada's supervision bill, estimated at $2.5M a year.
And the formula has a quirk: a $1B issuer and a $100B issuer would pay the same. 🧵 #stablecoins teapawt.net/AndrewBulman5/status/2…
When a payment shows up in your account, what has actually finished: the notification, access to the funds, or settlement between the banks?
On most Canadian payments, those happen at different times. On the new Real-Time Rail, they happen together.
More tomorrow.
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Congratulations to @PaymentsCanada:
Canada's Real-Time Rail is live.
The next chapter is about what gets built on it, and how institutions manage liquidity and risk in a system that never closes.
Canada’s Real-Time Rail (RTR) is live—a defining step toward a more competitive, resilient and inclusive economy.
Read more: payments.ca/canada-launches-…
#PaymentsMatter #RealTimeRail
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Budget 2026 is out. The last budget led to the Stablecoin Act and the Consumer-Driven Banking Act, both law since March. This one is about delivery: the Real-Time Rail is scheduled to launch today, and banks would issue stablecoins only through subsidiaries.
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Source: Budget 2026 mccarthy.ca/en/insights/blog….
More on what it means for 2027 in our Reading Room: rewiresummit.co/why-2027-mat…
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“We want stablecoins to be good money, like bank notes or money on deposit at banks.” - Tiff Macklem, Governor of the Bank of Canada, in December 2025.
The Bank will supervise stablecoin issuers once Canada's rules are in force.
bankofcanada.ca/2025/12/good…
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JUST IN: 🇨🇦 Canada’s Real-Time Rail is set to launch on November 9, bringing 24/7 real-time payment clearing and settlement infrastructure.
payments.ca/canadas-real-tim…
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Budget 2026 is tabled today. What we’ll be reading it for:
Stablecoins: still on track for fall 2027?
Real-Time Rail: any change to the rollout?
Open banking: a date for payment initiation?
AI: anything beyond OSFI’s E-23?
Our 2027 primer:
rewiresummit.co/why-2027-mat…
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The securities stay at @The_DTCC; the token represents them.
That’s how big banks are entering tokenization: through the existing plumbing.
In Canada, that plumbing is CDS. Which Canadian bank goes first?
We are thrilled to announce that Morgan Stanley is among the first banks to tokenize real-world assets following the launch of the @The_DTCC Tokenization Service (DTS), converting U.S. Equity and U.S. Treasuries to tokenized form.
Launched on October 28, DTS creates tokenized representations of DTC-custodied securities to support greater liquidity, collateral mobility and capital efficiency.
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Congratulations on the launch. Prime services growing into full capital-markets offerings says a lot about how far institutional digital assets have come.
Today, BitGo is launching Global Markets, bringing together global liquidity, execution, financing, derivatives, structured solutions, asset management, and research.
Building on BitGo Prime Services and the expertise added through our acquisition of NYDIG’s institutional trading business, Global Markets combines experienced capital markets professionals with BitGo’s digital asset infrastructure.
Explore the announcement ⬇️
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The Stablecoin Act became law in March. Real-Time Rail rules took effect in August. Draft stablecoin rules landed last month.
Most of it goes live in 2027. Tomorrow’s budget could move the dates.
New: Why 2027 Matters for Institutional Finance in Canada
Instant payments, by launch year:
UK: 2008
India: 2016
The EU and the US's RTP: 2017
Australia: 2018
Brazil: 2020
USFedNow: 2023
Canada's Real-Time Rail: due late this year Canada isn't first. It gets to learn from everyone who was.
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Canada’s Real-Time Rail from @PaymentsCanada is launching in the coming weeks: instant, data-rich payments, cleared and settled in real time.
Then comes the harder part: deciding what to build on it.
payments.ca/systems-services…
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