25/04/2026
A very enjoyable, interesting, and insightful lunch debate was held with the Board of the International Confederation of Lebanese Businesspeople (MIDEL), featuring our Board of Trustees member, Mr. Yves Choueifaty, Chairman and founder of TOBAM, a Paris-based asset management firm known for its research-driven and anti-benchmark investment approach.
The discussion focused on: “The Next Step for Bitcoin: The Return of Reserve Institutions.” It explored how Bitcoin may enable the re-emergence of reserve institutions in a digital context, while examining its implications for balance sheets, financial intermediation, risk premia, and the evolving boundary between money and financial assets.