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De-Dollarization via FinTech Rails

$100 bill with Franklin's face overlaid by fluctuating orange stock graph and numerical data. Financial theme.
Inventor and U.S. Founding Father Benjamin Franklin has been featured on the obverse of the one-hundred-dollar bill (US$100) since 1914. 

For over half a century, the US dollar has reigned as the undisputed backbone of global finance, powering trade, anchoring reserves, and dictating the flow of capital across borders. But cracks are forming in this monetary order. From BRICS summits to African payment corridors, a quiet revolution is underway.


Our report, De-Dollarization via FinTech Rails, explores how emerging digital payment infrastructure (CBDCs, blockchain-based settlement systems, and regional platforms like mBridge and PAPSS) is reshaping the architecture of cross-border finance. We examine the technology enabling this shift, the geopolitical forces driving it, and the risks of a more fragmented monetary world.


This isn't about the dollar's collapse. It's about the rise of alternatives, and what happens when nations choose to build their own financial highways rather than travel on someone else's.


Whether you're a student of international economics, a future policymaker, or simply fascinated by the intersection of technology and global power, understanding this shift is no longer optional. The infrastructure we build today will determine who controls the financial system of tomorrow.


This is why the Bocconi Students Fintech Society has made de-dollarization the focus of this research: because in a multipolar world, the rails matter as much as the currency.




Slide Deck

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Published in January 2026


Project Team

Project Leader: Roxane Midorge

Junior Analysts: Livia Pollini, Mercedes Dominguez, Riccardo Lomele, Samuel Escobar.



Association Board :

Guillaume Abaz (President), Andrea Botero (Head of M&A and VC), Roxane Midorge (Head of Generalist), Neil Maaouni (Head of Data Analysis), Mathilde Castaigne (Head of Events), Noé Wierzba (Head of Operations).

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