Solidus Labs

In this episode of Compliance Champions, Delphine Forma speaks with Sugandhi Govil, Director Compliance, APAC at Circle, about what it takes to build trust and operate a compliance programme for regulated stablecoins — from governance and compliance by design to managing financial-crime risk at network speed.
They explore how the speed and transparency of blockchain networks shape compliance, providing visibility into risks beyond an issuer’s direct customer relationships and enabling secondary-market monitoring and faster identification of emerging typologies. They also discuss why effective risk management requires collaboration across the ecosystem and how blockchain analytics and AI are changing financial-crime monitoring and investigations.
Finally, Delphine and Sugandhi look at the evolving regulatory landscape across APAC, including growing convergence around governance, reserve backing, transparency and AML/CFT controls, and why regulated stablecoin issuers should not simply be viewed through the same lens as the broader crypto ecosystem.

In this special episode, recorded for DACOM NYC 2026, SEC Commissioner Hester Peirce joins Solidus Labs’ CXO Chen Arad to explore her journey, the landmark rulemaking work underway, how that work connects to broader capital markets reform, and her reflections on what has changed and what still needs to be done.

In 2019, Solidus had the honor of hosting SEC Commissioner Hester Peirce as a keynote speaker at the inaugural DACOM NY Summit. At a time when the SEC was repeatedly rejecting Bitcoin ETF applications and regulation by enforcement was the norm, Commissioner Peirce emerged as a principled dissenting voice within the agency, earning her the iconic nickname "Crypto Mom."

In November this year, she will be departing her role, leaving an agency with a completely different posture towards digital assets and innovation. Over the past eighteen months as head of the SEC's Crypto Task Force, she has steered a significant shift in the agency's approach: from regulation by enforcement toward fit-for-purpose frameworks, industry engagement, and realistic compliance paths.

Join Delphine Forma, Head of Policy Europe at Solidus Labs, as she sits down with Mai Kaneko, International Business Lead at DCP — the company behind the DCJPY Network, Japan's multi-bank tokenised deposit infrastructure.
They explore one of the most consequential and least understood developments in digital finance — the rise of tokenised deposits as a distinct and complementary form of digital money. Drawing on Japan's position as one of the first markets where tokenised deposits are becoming a commercial reality, Mai brings a rare insider perspective on what it takes to build shared financial infrastructure across competing banks, regulators, and borders.

Join Delphine Forma, Head of Policy APAC & Europe at Solidus Labs, as she sits down with Jackie Baek, Compliance Head of Korea at Crypto.com, to explore what it actually takes to operate in one of the world’s largest and most distinctive digital asset markets
Korea combines extraordinary retail participation with stringent regulatory requirements and an increasingly sophisticated approach to market integrity. From VASP registration and the real-name bank account system to AML, market abuse, institutional participation and tokenized securities, Jackie takes us inside how the Korean market works today and where it is heading next.

What does it take to build an AML programme that actually works in practice?
In this episode of Compliance Champions, Delphine Forma speaks with Tigran Rostomyan, Founder & CEO of AML Incubator, about Canada's AML framework for crypto businesses and the practical realities of building an effective compliance programme.
Tigran explains how FINTRAC registration interacts with Canada's securities framework, the five core components of an AML programme, and why the risk assessment should be the foundation for the controls a firm puts in place.
The conversation explores the practical challenges of the Travel Rule, including unhosted wallets and missing counterparty information, as well as how firms can build effective transaction monitoring by bringing together KYC, customer behaviour, fiat and crypto activity, blockchain analytics and sanctions screening.
Delphine and Tigran also discuss key crypto financial crime typologies, suspicious transaction reporting and examination readiness, with a recurring theme throughout the conversation: having policies is not enough. Firms need to demonstrate that their AML controls are risk-based, properly implemented and effective in practice.