🚀 Chainlink Advisor Discusses Regulatory Asymmetry at 2024 Hong Kong SmartCon
#Chainlink #SmartCon #RegulatoryAsymmetry #FinancialMarketInfrastructure #RegulatoryFrameworks #EmergingMarkets #AssetManagement #DigitalAssets #FinancialEcosystem
According to Odaily, during the 2024 Hong Kong SmartCon conference hosted by Chainlink, advisor Jennifer Peve addressed the future of financial market infrastructure in a panel discussion. Peve highlighted the current state of regulatory asymmetry, noting that each jurisdiction has its own regulatory framework with varying goals, approaches, and levels of maturity. She emphasized the need for prioritizing regulatory frameworks, stating that markets should not rely entirely on regulatory organizations for their operations. Peve suggested that emerging markets might serve as more effective testing grounds for new regulatory approaches compared to regions with established frameworks. She used the analogy, 'It is easier to tear down a house than to rebuild it, and rebuilding a house is easier than renovating it,' to illustrate her point.
Additionally, Peve discussed the modernization of financial market infrastructure, asserting that it will significantly enhance asset management. She projected that this modernization will eventually connect trillions of traditional assets with digital assets, paving the way for a more integrated financial ecosystem in the future.#Chainlink #SmartCon #RegulatoryAsymmetry #FinancialMarketInfrastructure #RegulatoryFrameworks #EmergingMarkets #AssetManagement #DigitalAssets #FinancialEcosystem
🚀 SBI CTO Discusses Future Of Financial Market Infrastructure At 2024 Hong Kong SmartCon
#SBI #CTO #FinancialMarketInfrastructure #HongKong #SmartCon #CBDC #CentralBankDigitalCurrency #CapitalMarkets #FinancialManagement
According to Odaily, during the 2024 Hong Kong SmartCon conference hosted by ChainLink, SBI CTO Tom Menner participated in a roundtable discussion titled 'The Future of Financial Market Infrastructure.' Menner highlighted SBI's involvement in numerous global Central Bank Digital Currency (CBDC) projects. He raised a critical question regarding the commercial prospects of these potential projects. Menner emphasized that while the technology has proven effective for both CBDCs and various assets in capital markets, the more significant consideration is whether these initiatives contribute to improvements in the existing financial management systems. This aspect, he noted, warrants deeper reflection.#SBI #CTO #FinancialMarketInfrastructure #HongKong #SmartCon #CBDC #CentralBankDigitalCurrency #CapitalMarkets #FinancialManagement
🚀 Citi and DTCC Advance Tokenized Collateral Amid Regulatory Challenges
#Citi #DTCC #TokenizedCollateral #RegulatoryChallenges #Blockchain #FinancialInnovation #CrossBorder #SmartCon #SWIFT #Tokenization #DigitalAssets #USTreasuries #FinancialTechnology
According to PANews, financial giants Citi and DTCC have revealed at the SmartCon event in New York that their cross-asset, cross-border 'Tokenized Collateral' is now operational in real-world transactions. While the technology is feasible, inconsistent regulations pose the biggest challenge. Citi announced that its 'Citi Token Services' are live in the United States, United Kingdom, Hong Kong, and Singapore, handling billions in customer fund flows and settlements. DTCC's 'Great Collateral Experiment' has validated the use of tokenized U.S. Treasuries, stocks, and money market funds as collateral across time zones. The parties involved emphasized the need for unified laws and standards, with institutions like SWIFT participating in the development of shared protocols to avoid fragmentation and compliance conflicts.#Citi #DTCC #TokenizedCollateral #RegulatoryChallenges #Blockchain #FinancialInnovation #CrossBorder #SmartCon #SWIFT #Tokenization #DigitalAssets #USTreasuries #FinancialTechnology