Uploaded July 2026 | Updated September 2026, 1 week ago

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Can blockchain fix the foundations of modern banking? In this exclusive interview from Proof of Talk in Paris, Crypto Megan speaks with Scott Shay, four-time bank founder, author, and creator of Signet, about why he believes the future of banking lies on blockchain rails rather than adapting crypto to traditional finance. Scott explains the limitations of fractional reserve banking, the role of tokenised deposits and stablecoins, and why his new full reserve banking model could transform payments, settlement, transparency, and financial infrastructure. Discover his vision for bringing banking into the blockchain era and the challenges standing in its way.

Host:Megan Nilsson (Crypto Megan)

Video chapters
00:00 Introduction
00:35 Scott Shay's banking journey
01:30 Why banking should move onto blockchain rails
02:15 The problem with traditional banking giants
04:20 Becoming a blockchain maximalist
05:50 Why legacy banking infrastructure struggles
07:00 Fractional reserve banking explained
08:00 Stablecoins vs tokenised deposits
08:55 Building a full reserve blockchain bank
10:05 The future of lending and banking
10:45 Industry resistance and regulation
12:00 Where to learn more

#scott #shay #stablecoins #banking