Overview
- Bill Winters told Hong Kong FinTech Week that nearly all transactions will eventually settle on blockchains, calling it a complete rewiring of the financial system.
- He said the transition will take years and will depend on coordinated work between governments, regulators and private firms.
- Standard Chartered has expanded digital-asset efforts, including custody services, trading platforms and tokenization pilots.
- The bank is pursuing a Hong Kong dollar–backed stablecoin with Animoca Brands and HKT under the city’s new framework, which Winters views as a potential medium of exchange for cross‑border trade.
- Hong Kong’s Securities and Futures Commission said licensed exchanges can use shared order books to tap global liquidity, with strict pre‑funding, delivery‑versus‑payment and market‑surveillance requirements.