Instructor
Larry Liermann is Co-Founder and Head of Sales & Partnerships at MM Blockchain Academy, leading business development and partnerships with Higher Education Institutes, Enterprise Clients and CPA Associations. He began working on Foreign Exchange and Fixed Sales & Trading desks of various Investment Banks including Barclays, Credit Suisse, and Deutsche Bank, where he covered North American and Latin American corporate and institutional clients.
Instructor
Baxter Hines, CFA, is Managing Partner with Honeycomb Digital Investments. He Co-Founded the firm in 2020 to provide income producing solutions for clients. His firm manages portfolios consisting of traditional assets, security tokens and digital assets. Mr. Hines was a Managing Director, Portfolio Manager and Co-Lead for several internationally focused value strategies during his 12 years with NFJ Investment Group, a wholly owned subsidiary of Allianz Global Investors. Prior to his time with NFJ, he was an Analyst with the Teacher Retirement Systems of Texas and worked as financial systems specialist for Reuters. He holds a Bachelor's Degree in economics from the University of Virginia and an MBA in finance from the University of Texas. His investment philosophy and market outlook have been profiled in several financial publications including Barron's and The Wall Street Journal. Mr. Hines holds the Chartered Financial Analyst designation and is a member of the CFA Society of Dallas . He is also the author of Digital Finance: Security Tokens and Unlocking the Real Potential of Blockchain.
Blockchain, digital assets, and tokenization have moved from speculative narrative to institutional infrastructure. The GENIUS Act, signed in July 2025, established the first federal framework for payment stablecoins. The OCC's 2025 interpretive letters opened crypto custody, network-fee payment, and brokered execution to national banks. The DTCC began a tokenization pilot in December 2025 under SEC no-action relief. Major counterparties — J.P. Morgan, BlackRock, Figure Technologies, Visa, Morgan Stanley — are already operating in this environment. Corporate finance leaders are now being asked questions by their CFOs, audit committees, vendors, and investors that they could safely deflect twelve months ago.
This four-hour course equips managerial-level corporate CPAs to engage credibly with that new environment. It is built around three structured hours of finance content followed by one hour of law and regulation. Attendees will leave able to classify digital assets, walk a tokenization proposal through a five-step evaluation framework, articulate the current U.S. regulatory posture, and identify the control questions a corporate finance function must answer before engaging. The material draws on institutional case studies (J.P. Morgan Onyx, Chainlink-powered parametric insurance, BlackRock BUIDL, Figure Technologies, DTCC) and on a decision-oriented framework designed for use the Monday morning after the session.
Upon completion of this course, participants will be able to:
• Describe the structural developments in 2025–2026 that moved digital assets from emerging technology to institutional infrastructure, including the GENIUS Act, OCC Interpretive Letters 1184 through 1188, and the DTCC tokenization pilot.
• Classify a digital asset into one of seven operational categories — payment tokens, stablecoins, utility tokens, security tokens, tokenized real-world assets, NFTs, and CBDCs — and identify the finance and accounting implications of each.
• Compare and contrast the major stablecoins (USDC and USDT) on reserve composition, transparency, and regulatory posture, and articulate the changes introduced by the GENIUS Act.
• Analyze a proposed tokenized-asset transaction using a five-step evaluation framework covering classification, legal and regulatory structure, operational and custody architecture, liquidity and market structure, and governance.
• Identify the new categories of control risk introduced by smart contracts, oracles, and cross-chain bridges, and specify the internal-control considerations for each.
• Brief a CFO or audit committee on the corporate-finance implications of on-chain settlement, atomic delivery-versus-payment, and 24/7 continuous markets.
• Recognize the legal and regulatory framework governing digital-asset activity in the United States, including securities-law treatment, money-transmitter considerations, and the SEC/CFTC jurisdictional landscape.
Topics of discussion will include:
• The 2025–2026 institutional inflection: GENIUS Act, OCC Interpretive Letters 1184/1186/1188, the DTCC tokenization pilot, and pending market-structure legislation.
• Capital-markets and infrastructure signals from Morgan Stanley, Bank of America, J.P. Morgan Onyx, Figure Technologies, Visa B2B Connect, and BlackRock.
• A working taxonomy of digital assets: payment tokens, stablecoins, utility tokens, security tokens, tokenized real-world assets, NFTs, and CBDCs.
• USDC vs. USDT: a side-by-side examination of reserves, transparency, regulatory posture, and use cases for corporate treasury.
• Tokenization of real-world assets — BlackRock BUIDL, tokenized U.S. Treasuries, tokenized money-market funds, fractional real estate and art.
• Tokenized equities: wrapped vs. natively-issued securities, the five questions an institutional investor must ask, and implications for public-company CFOs.
• Bitcoin as a treasury question: allocation, custody, FASB ASU 2023-08, governance, tax, and investor communication.
• Smart contracts in practice — case studies on J.P. Morgan Onyx (tokenized collateral and programmable settlement) and Chainlink-powered parametric insurance (oracles in production).
• New categories of control risk: code risk, oracle risk, upgrade risk, and cross-chain interoperability risk.
• A five-step evaluation framework for corporate finance leaders — classify, map legal structure, evaluate operations and custody, test liquidity, govern.
• Law and regulation hour — securities-law classification, the SEC/CFTC jurisdictional question, state money-transmitter considerations, enforcement landscape, contract drafting for smart-contract agreements.
• Two applied-learning workshops: a stablecoin-payment vendor scenario and a tokenized U.S. Treasury allocation scenario.
CFOs, controllers, treasurers, FP&A leaders, and senior accounting professionals in corporate roles who are being asked to engage with digital assets, stablecoins, or tokenization by counterparties, leadership, or boards — and who want a structured, decision-oriented framework rather than a primer on cryptocurrency. Most useful for managers and above in corporate strategy, treasury, or controllership functions inside mid-sized to large corporations.