updated april 2026

Juha Viitala
// builder, writer, thinker.

I write about digital money, blockchain, and how financial systems are being rebuilt.

Get in touch → Featured coverage LinkedIn ↗
Juha Viitala

Hi, I'm Juha.

My perspective comes from working at the intersection of regulation, markets, and infrastructure — where ideas meet real constraints. Much of the conversation around digital assets focuses on technology or speculation, while the harder questions sit in market structure, liquidity, and distribution.

I'm particularly interested in how programmable money reshapes settlement, how tokenisation changes ownership and transfer of assets, and what it takes to move from experimentation to real-world adoption.

Over the past decade, I've worked across digital assets, fintech, and regulated financial services — building products, navigating licensing, and bringing new financial infrastructure into production. Today I'm a senior executive officer at Universal Digital in the UAE, leading USDU — the first USD-stablecoin registered under the UAE Central Bank's Payment Token Services Regulation. Before that I co-founded Membrane Finance, which built EUROe (the first MiCA-regulated euro-stablecoin) and was acquired by Paxos in 2025.

This site is a place to share observations, challenge narratives, and explore where this is all going.

What I'm doing now

// inspired by the /now movement // april 2026
  • Leading USDU issuance and growth at Universal Digital from the UAE — the first USD-stablecoin registered under the UAE Central Bank's Foreign Payment Token framework.
  • Splitting time between Helsinki and Dubai/Abu Dhabi. Two regulatory environments, same fundamental question: how to bring properly regulated money on-chain.
  • Getting excited about real estate tokenisation again — the gap between what's technically possible and what's actually shipping has never felt more interesting.
  • Sparring with European and UAE teams working at the intersection of tokenisation and payments — where MiCA and the UAE's PTSR model meet in practice. Selective board work.
  • Reading: more regulatory documents than I'd like to admit.

What I write and speak about

stablecoins & money

EUROe, USDU, MiCA, the UAE's PTSR framework, on-chain payments, CBDCs vs. private money.

internet of value

Why blockchains matter as infrastructure, not as speculation — and what that means for Europe.

tokenisation

Real-world assets on-chain, real estate tokenisation, DeFi rails, and what's worth building vs. what isn't.

regulation

MiCA in practice, the UAE's PTSR model, supervision — and what it takes to bring regulated money on-chain.

founding

What I've learned about building a company deep inside a regulated space — risk, endurance, and the exit.

advisory

Architecture reviews, regulatory advice, and selective board work for blockchain and fintech companies.

Writing

Long-form essays and notes will collect here. A new chapter is just beginning — space below for the first pieces.

> first essay incoming.
until then, curated interviews are below in the featured coverage section.

Chronological archive

Full listing of interviews, commentary, and mentions from 2014–2025 — plus older blog posts. Heavy on Finnish-language outlets (and most of the older material is in Finnish); the most significant international coverage is grouped above in the featured section.

20251 mention
Kaupr · feb 2025
Paxos' acquisition of Membrane finalized Nordic fintech outlet Kaupr on the Membrane Finance / Paxos transaction.
20232 mentions
Global Fintech · may 2023
Global Fintech interview On Membrane Finance and EUROe for an international audience.
Tech.EU podcast · mar 2023
Tech.EU podcast: EUROe and what it means for the EU Interviewed by Don Taylor alongside Maki.VC's Paavo Räisänen.
20224 mentions
Helsingin Sanomat / Visio · dec 2022
EUROe in Helsingin Sanomat HS Visio's full-page feature on Membrane Finance and the digital euro. (Finnish)
TiVi · dec 2022
100 most influential people in Finnish IT TiVi's annual list — included, somewhat to my surprise. (Finnish)
Helsingin Sanomat / Visio · nov 2022
Finnish Web3 companies around Slush Telling the Membrane Finance story. (Finnish)
TiVi · aug 2022
Web3 is here Long piece on the Web3 phenomenon together with Olli Tiainen. (Finnish)
20214 mentions
Helsingin Sanomat · dec 2021
The Floki Inu phenomenon in Finland Commentary on dog-meme coins and the Floki campaign in Finland. (Finnish)
TiVi · jun 2021
Ethereum 2.0 Expert commentary on the upcoming Ethereum upgrade. (Finnish)
Suomen Ekonomit · jan 2021
Suomen Ekonomit podcast Interview on the Finnish Business School Graduates' podcast. (Finnish)
Kauppalehti · jan 2021
Kauppalehti on blockchain Kauppalehti piece on blockchain technology and its uses. (Finnish)
20202 mentions
Suomen Ekonomit · oct 2020
Nominated for the Finnish Business Book Award "Lohkoketju – Tiekartta päättäjille" shortlisted for the Finnish Business School Graduates' €30,000 book prize. (Finnish)
TiVi · oct 2020
Blockchain in business networks Long TiVi feature on blockchain in financial services and business networks. (Finnish)
201910 mentions · the book year
Helsingin Sanomat · nov 2019
Bringing blockchain to Vietnam HS on Bering & Company's food-traceability project in Vietnam. (Finnish)
Tekniikka & Talous · nov 2019
Blockchain as an export T&T on Bering & Company's Vietnam project — cleaner food via blockchain. (Finnish)
Yle Radio Suomi · oct 2019
Mikä maksaa? — the role of cryptocurrencies As a guest on Juho-Pekka Rantala's show, discussing the role of cryptocurrencies in the global economy. (Finnish)
Jargonmankeli · aug 2019
Podcast: What is blockchain? On Jargonmankeli with Mikko Eerola and Antti Innanen, discussing the book. (Finnish)
Yle Puhe · jun 2019
Facebook's Libra and blockchains Interviewed by Juuso Pekkinen on uses of blockchain technology. (Finnish)
Talouselämä · may 2019
The internet of value needs a national strategy Tebatti column: distributed technologies are the internet's next stage. (Finnish)
Takakansi podcast · may 2019
Blockchains and the internet of value Takakansi podcast — what blockchains mean for people, companies, and society. (Finnish)
Talouselämä · mar 2019
What would Facebook's own bitcoin mean? Talouselämä's review of the book: "Lohkoketju – Tiekartta päättäjille came out at exactly the right moment." (Finnish)
Helsingin Sanomat · feb 2019
One technological invention could transform real estate and courts A big HS feature on the morning of the book launch — on the book and the broader phenomenon. (Finnish)
DNA Podcast · feb 2019
What you need to know — blockchains An episode of Sallamaari Muhonen's "Mitä pitää tietää" series on blockchains and the book. (Finnish)
20181 mention
Yle · jan 2018
Blockchains democratise the internet — but will we even notice? A wide-ranging Yle article on blockchain technology — quoted as Tomorrow Labs' blockchain expert. (Finnish)
20175 mentions
Yle · dec 2017
Bitcoin is doomed as a bubble — but the same technology will change everything Yle on real-world uses of blockchain, from real estate to healthcare. (Finnish)
MTV3 main news · dec 2017
What on earth is a blockchain? On the MTV3 evening news, explaining how blockchain changes commerce. (Finnish)
TiVi · dec 2017
Blockchain is transforming Finnish real estate transactions TiVi piece on digital real estate transactions and R3 Corda as a distributed ledger. (Finnish)
Tekniikka & Talous · nov 2017
Finland is wary of digital money My own piece in T&T on virtual currencies and digital money. (Finnish)
Finnish Government · sep 2017
Digitalisation in the development of the food chain Prime Minister's Office report 60/2017 — references several of my blockchain articles. (Finnish)
20162 mentions
Tekniikka & Talous · nov 2016
Blockchain — the internet's next megatrend is already here My own long-form article in T&T arguing blockchain is the internet's next revolution. (Finnish)
Tekniikka & Talous · sep 2016
Blockchain — witnessing the next revolution T&T explainer on blockchains, the players involved, and whether this is a real upheaval. (Finnish)
old blog9 own posts · 2014–2017 · in Finnish
own blog · mar 2017
Suomalaiset verkkokaupan menestystarinat osa 2 A follow-up to the 2014 e-commerce analysis — what's happened in three years.
own blog · dec 2016
Mikä on lohkoketju? A thorough primer: the building blocks of blockchain technology.
own blog · oct 2016
Lohkoketju Suomessa A media survey of Finnish-language coverage of blockchains.
own blog · nov 2016
Kaikki Guggenheim-museot ovat menestyksiä! On the Guggenheim debate — the new proposal and the battle lines.
own blog · aug 2014
Mitä helvettiä tulin luvanneeksi? On signing up for an Ironman — and why it pays to make promises out loud.
own blog · jul 2014
Tasa-arvon puolesta On the Finnish constitution's anti-discrimination clause and equal treatment.
own blog · apr 2014
Onnellisuutta metsästämässä On the etymology of happiness and what it says about Finnishness.
own blog · mar 2014
Suomalainen talouskrapula On workplace burnout and the cost of quarterly capitalism.
own blog · mar 2014
Miksi Suomessa ei ole tehty yhtään kansainvälisesti menestyvää verkkokauppaa? On the state of Finnish e-commerce and ambition — part 1.

Older posts kept at their original URLs — each is one click away. Blog entries from 2014–2017 are listed in their own section labelled “old blog”. The posts themselves remain in Finnish; English translations may follow.

Get in touch

Speaking, advisory, board work, press — email is the best channel. Informal messages via LinkedIn are welcome too.