Luc

Luc

Bridging traditional finance and digital assets, I’m a senior investment executive with 20+ years in asset management, fintech, and government advisory.

Loan-Based Credit vs Claim-Based Finance: Are You Funding Borrowers or Funding Flows? — Two very different risk exposures under the same 'private credit' tag

Loan-Based Credit vs Claim-Based Finance: Are You Funding Borrowers or Funding Flows?

Private credit is often treated as one monolithic asset class — but not all “credit” is the same. This article draws the line between loan-based credit and claim-based finance, and shows why distinguishing borrowers from flows changes how you underwrite risk, liquidity, and return.

Luc

Luc • Private Credit

Private Credit in Asia 2.0

Private Credit in Asia 2.0

ACC’s Private Credit in Asia 2.0 maps how APAC private credit AUM is set to grow from US$59bn in 2024 to US$92bn by 2027, a 16% CAGR from a still-nascent base. The report tracks investor demand, wealth-channel growth and regulatory complexity across more than 50 markets.

Luc

From “Limited Benefits” to Holy Grail of Cross-Border Payment? Stablecoins in 2025

From “Limited Benefits” to Holy Grail of Cross-Border Payment? Stablecoins in 2025

Stablecoins grew from $20 B to $312 B, moving $27 T a year—but their real test isn’t speed, it’s settlement. Luc Froehlich explains why liquidity, FX, and payout coordination are now the true frontiers of cross-border payments.

Luc

Luc • Payments

The Stable Door Opens: How Tokenized Cash Enables Next-Gen Payments

The Stable Door Opens: How Tokenized Cash Enables Next-Gen Payments

McKinsey’s The Stable Door Opens (2025) explores how tokenized cash and stablecoins are redefining payments. With USD 27 trillion in annual transactions and regulatory green lights, the era of programmable money is accelerating.

Luc

Digital Currency Governance Consortium White Paper Series — Pathways to the Regulation of Digital Currencies

Digital Currency Governance Consortium White Paper Series — Pathways to the Regulation of Digital Currencies

The World Economic Forum’s Digital Currency Governance Consortium (2021) explores how public–private coordination can shape the regulation of stablecoins and CBDCs, balancing innovation with stability and inclusion.

Luc

Annual Progress Report on Meeting the Targets for Cross-Border Payments: 2023 Report on Key Performance Indicators

Annual Progress Report on Meeting the Targets for Cross-Border Payments: 2023 Report on Key Performance Indicators

The FSB’s 2023 progress report benchmarks global payments against G20 targets: costs remain high (1.5–2.5%), remittances average 6.3%, and only 54% of wholesale payments settle within an hour. Tokenized solutions could accelerate progress.

Luc