Nova Observatory
FN
Frédéric Nagalingum
Editor-in-chief · Nova Observatory
Founding editor of Nova Observatory. Writes on cross-border credit, diaspora finance, and the regulatory architecture of stablecoin-collateralised lending.
Signed articles · 3
- The Big Read · N°03
The SCPI question: why French real estate became diaspora collateral
1 July 2026 · 16 min read - The Big Read · N°02
Inside FMBN: anatomy of the largest formal diaspora mortgage programme
5 June 2026 · 17 min read - The Big Read · N°01
The diaspora is the largest unbanked balance sheet
A global community of 280 million migrants moves roughly two-thirds of a trillion dollars in remittances every year. They hold property, savings, and an estimated $200 billion in stablecoins. They borrow at twenty-five to seventy per cent — when they borrow at all. This is what their balance sheet looks like, and why the lending industry has been looking at the wrong problem.
30 May 2026 · 18 min read