Crunchfish (CFISH) Stora Aktiedagarna 2026 summary

Architecture and system design

• Offline payment capability is positioned as essential for digital money systems, with architecture determining risk and liquidity placement.

• Offline models increase system acceptance and resilience, addressing recurring disruptions in connectivity and infrastructure.

• Immediate, deferred, and governed offline models are compared, with the immediate model highlighted for superior liquidity, scalability, and risk governance.

Market validation and opportunity

• The solution has been evaluated by major global organizations, including central banks in India, Europe, and the UK, with regulatory validation and patents in key markets.

• Offline payment architecture is presented as a significant business opportunity for banks, improving liquidity and interest margins.

• System licensing examples show substantial revenue potential, with projections based on customer reserves and licensing fees.

Interoperability and implementation

• Governed offline wallets ensure interoperability across closed-loop, national, regional, and global payment systems.

• The Philippines is cited as a case study, demonstrating integration of wallets and national payment systems.

• A comprehensive analytical framework (BANKABLE, IMPLEMENTABLE, GOVERNED) is used to assess infrastructure readiness.