Despite solid GDP growth, foreign exchange dynamics across the region are deteriorating -- a disconnect that corporate treasurers can no longer ignore, according to banking experts.
A licensing scheme for stablecoin issuers in Hong Kong is expected to be introduced later this year. Bill Winters, group CEO of Standard Chartered, says "digital assets are here to stay."
While each business has its own strategy and budget, fraud and payment standards shouldn’t be ignored as digitalisation becomes more sophisticated; adopting more tools and cooperating with financial institutions is one approach.
Global trade is projected to grow by 55% over the next decade. Tokenisation of trade finance will help close a funding gap, cater to investors’ interest, and increase lenders’ risk appetites, experts say.