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Tom Rhodes

Financial regulatory lawyer

Tom Rhodes is a financial regulatory lawyer. He has worked at city law firms and in-house at a fintech bank. He also spent a year at the Bank of England working on its stablecoin regulatory regime. He is now Chief Legal Officer for Agant, a start-up GBP stablecoin issuer. Email: tom@agant.io

Articles by author

Balancing acts: prudential regulation of money issuers

This article explores the regulatory capital requirements that apply to the issuers of two types of money: bank deposits and stablecoins. Where relevant it also considers issuers of e-money. Stablecoins are an increasingly popular form of digital money. They are bearer instruments that run on blockchains. As explained in the second half of the article, they are quite different to existing forms of money.

28 JUL 2025