Nacha and DSA launch Next-Gen Currency team to integrate digital assets

Event overview

The October 14–16 meeting gathered stakeholders from financial services and payments to share insights, address operational challenges, and assess innovation opportunities. Discussions focused on evolving payment technologies, regulatory considerations, and practical approaches for navigating complex financial systems.

Next-Gen Currency Project Team

Woodman facilitated discussions for the Next-Gen Currency Project Team, co-led by Nacha and DSA. Scope: explore the global use of digital assets for money movement, including stablecoins and tokenized deposits. Objectives: develop tools that connect digital assets to traditional payment systems, track regulatory developments, identify operational implications, and provide educational resources to the payments industry.

Operational topics under review

• Expectations for financial institutions on agentic payments.
• Reliability of multifactor authentication as technology changes.
• Approaches to Know Your Agent frameworks.

Participants emphasized industry collaboration to address operational uncertainties and to develop workable solutions while regulatory frameworks evolve. Woodman noted that institutions are collaborating to build continuity where regulation is pending.

DSA role and mission

DSA’s involvement supports informed policy discussions and cross-sector collaboration aimed at responsible innovation, regulatory clarity, and integration of emerging technologies into payment systems. The Digital Sovereignty Alliance is a nonprofit social welfare organization that advocates for public policies supporting ethical innovation in decentralized technologies, blockchain, cryptocurrency, Web3, and artificial intelligence, and advances research and education that prioritize public welfare and digital sovereignty.