Abstract: Provided are an apparatus, method and programming product for transferring a financial asset over a distributed network that includes transferring a first financial asset from an first account at a first financial institution to a first trust account at the first financial institution; minting, at the first financial institution, a stablecoin based upon a value of the financial asset; transferring, over the distributed network, the stablecoin to a second trust account at a second financial institution; receiving at the first financial institution an acknowledgement of a smelting, at the second financial institution, the stablecoin to generate a second financial asset; and transferring, at the second financial institution, the second financial asset from the second trust account to a second account at the second financial institution.