The financial system is adding new ways to move money, but that does not necessarily make settlement simpler.
Banks and payment companies already operate across established fiat networks. Now stablecoins and tokenised deposits are becoming part of the same conversation, creating a new challenge: how can institutions use different forms of money without building separate infrastructure around every new rail?
Frame is building its business around that problem. The US-based paytech has named Lloyd Moore as Co-Founder and Chief Technology Officer, putting an experienced digital-asset infrastructure executive in charge of the technology behind its programmable settlement platform.
Moore will lead Frame’s technical strategy as the company develops infrastructure designed to connect traditional payment rails with stablecoins and tokenised deposits through a common integration. The goal is not to replace the financial systems institutions already use, but to make different forms of money work together while preserving control, compliance visibility and verifiable settlement records.
Bringing Infrastructure Experience to Frame
Moore joins the leadership team with experience building financial systems where reliability and security are critical.
At Blockdaemon, he served as acting CTO and Vice President of Engineering. During his time there, the engineering organization expanded from 10 people to 187 across 14 countries, while the infrastructure he helped build processed more than $500 billion in digital-asset transactions.
His career also includes serving as CTO at Valence, where he worked on privacy-focused federated learning technology for enterprises. Before moving into technology, Moore spent 12 years in the Royal Marines, adding an operational background that Frame says has influenced his approach to resilience and security.
At Frame, those skills are being applied to a different infrastructure problem. Instead of building another individual payment network, the company wants to provide a layer that can coordinate settlement across several of them.
That distinction matters because financial institutions are unlikely to abandon established infrastructure simply because new forms of digital money become available. Frame CEO Alexander Taskey has argued that legacy rails will continue to exist alongside newer systems, making interoperability between them increasingly important.
Making Settlement Programmable
Frame describes its platform as a settlement layer for banks, fintechs, payment companies, exchanges and enterprises.
One of the ideas behind the technology is that institutions should be able to determine how a transaction settles based on predefined rules. Moore recently gave the example of a payment using one rail during normal operating hours and automatically switching to another option, such as a stablecoin, when the first rail is unavailable.
That type of flexibility becomes more useful as financial institutions operate across multiple forms of money.
Moore is now architecting several of the systems behind the platform, including Frame’s settlement engine, Rules Engine and SecLog. SecLog creates an encrypted record of settlement decisions and their proofs, allowing transactions to be independently verified after they occur.
Frame is also trying to build compliance into the settlement process itself. Rather than relying entirely on reconciliation and verification after money has moved, policies can be applied while the transaction is being executed.
Importantly, Frame is positioning itself as infrastructure rather than a financial institution. It does not custody customer funds or issue stablecoins, and regulated financial activities remain with licensed partners.
Why Interoperability Is Becoming More Important
The market Frame is targeting is still developing, but the underlying problem is becoming increasingly visible.
The Bank for International Settlements recently highlighted interoperability as one of the major challenges facing tokenised money. Existing stablecoins can operate across fragmented blockchain networks, while tokenised bank deposits can also remain separated across permissioned platforms. The BIS argues that greater interoperability will be necessary if tokenisation is to scale without creating additional fragmentation.
Frame’s strategy fits directly into that emerging infrastructure gap.
Rather than betting that one new payment rail will eventually replace everything else, the company assumes that traditional bank money, stablecoins and tokenised deposits will coexist. Its role would then be to coordinate settlement between those systems while giving institutions a consistent layer for rules, verification and control.
That makes Moore’s appointment more significant than a routine CTO hire. Frame is still an early-stage paytech, and its proposition depends heavily on whether its technology can meet the security and reliability standards expected by financial institutions.
Moore will now be responsible for turning that proposition into infrastructure capable of operating at institutional scale.
As banks and fintechs experiment with more forms of digital money, the industry may not need another isolated payment network as much as it needs better ways for existing and emerging networks to work together. Frame is betting that programmable settlement can provide that connection.