Borel Briefings

Notes from inside the problems I build against.

Occasional writing on banking, digital assets, regulation, technology and cross-border markets.

11 September 2026

UAE vs Switzerland for Digital-Asset Businesses

The question is asked as though one jurisdiction wins. The deciding factor is rarely the licence. It is whether anyone will bank you once you have it.

11 September 2026

10 September 2026

Digital Assets

Stablecoins Are Becoming Banking Infrastructure

The interesting question stopped being what a stablecoin is worth. It is which corridors settle on one, and what that does to the banks at each end.

10 September 2026

09 September 2026

Family Offices

Why Cross-Border Introductions Still Matter in an AI World

Finding the right person is now nearly free. Being introduced to them is worth more than it was, because the scarce thing was never the name.

09 September 2026

08 September 2026

Banking

The Problem With Crypto-Friendly Banks

A bank that can say yes quickly can say no quickly. Risk appetite is not a policy. It is a position, and it moves for reasons that have nothing to do with you.

08 September 2026

07 September 2026

Banking

An introducer agreement is not a revenue share until the first statement arrives

Why the rate is the wrong number to negotiate in a bank introducer agreement, and the three questions to ask before signing.

07 September 2026