Eran Barak to Moderate Payments Panel in New York
Cosmos Labs executive will lead a discussion on digital asset standards at an upcoming Linux Foundation workshop.
Updated on Oct. 23, 2026 in Remote Work
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On October 24, 2026, Cosmos Chief Commercial Officer Eran Barak will moderate a panel regarding payment networks and digital assets in New York City. The session occurs as part of an invite-only technical workshop hosted by LF Decentralized Trust.
Why it matters
The discussion focuses on establishing unified standards to bridge the gap between traditional payment infrastructure and emerging digital assets. By bringing together major financial players, the workshop aims to address the technical requirements for modernizing global settlement systems.
The cross-border payment arrangement between Cosmos Labs and Jack Henry utilizes tokenized deposits to achieve settlement in under three seconds. This marks a significant acceleration compared to conventional multi-day international transaction cycles.
The players
Eran Barak
He serves as the Chief Commercial Officer at Cosmos Labs and oversees the development of payment network integration strategies.
Mastercard
This global technology company in the payments industry processes transactions for consumers, financial institutions, and businesses worldwide.
Circle
This fintech firm specializes in digital financial technology and is the issuer of the USD Coin stablecoin.
LF Decentralized Trust
This is an open-source project under the Linux Foundation dedicated to building infrastructure for decentralized trust and digital assets.
Jack Henry
This provider of technology solutions and payment processing services serves primarily the financial services and banking sectors.
The details
The panel features representatives from Mastercard, Circle, and OpenAssets who will explore integration standards for conventional and digital networks. This session is a central feature of the larger LF Decentralized Trust technical workshop taking place in the city.
Timeline
The LF Decentralized Trust workshop is scheduled for October 22-23, 2026.
The Payments and Standards panel session occurs on October 23, 2026.
Eran Barak is set to moderate the panel on October 24, 2026.
Market Landscape
This event reflects a broader industry movement toward standardizing interoperability between legacy financial systems and new decentralized protocols. By participating in LF Decentralized Trust, firms like Mastercard and Circle are attempting to secure their market share within the evolving digital settlement ecosystem.
As these payment standards evolve, businesses and customers may eventually experience faster, more reliable international transaction speeds. While the event is for industry professionals, the implementation of these technologies directly impacts the settlement times for future cross-border financial services.
The takeaway
The move toward tokenized deposits suggests a future where international payments are as near-instant as domestic transfers. Readers should keep an eye on how these technical standards migrate from workshops into consumer-facing banking applications.
Further reading
For more information on how firms are navigating modern collaborative work and industry standards, visit the Remote Work section.
Source note: This article includes information reported by TokenPost.
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Should banks incorporate tokenized deposits into standard payment networks to speed up cross-border transactions?
