[{id=166919172417, createdAt=1715265343636, updatedAt=1732450554410, path='agnd1048-who-will-reign-supreme-in-the-battle-royale-of-payments-veterans-or-challengers', name='Who will reign supreme in the Battle Royale of Payments: Veterans or Challengers?', 2='{type=string, value=Who will reign supreme in the Battle Royale of Payments: Veterans or Challengers?}', 3='{type=string, value=AGND1048}', 4='{type=number, value=1719927000000}', 5='{type=number, value=1719932400000}', 6='{type=option, value={id=4, name='Roundtable', order=2, label='Roundtable'}}', 7='{type=string, value=Who will reign supreme in the Battle Royale of Payments: Veterans or Challengers? Carrie Suen, Senior Advisor of Global Affairs & Sustainability Strategies, Ant International, Dante Disparte, Chief Strategy Officer & Head of Global Policy, Circle, Livia Benisty, Chief External Affairs Officer, Banking Circle, Martin Etheridge, Senior Vice President Product Management, Digital Assets & Blockchain , Mastercard, Morgan Krupetsky, Head of Institutions & Capital Markets, Ava Labs, Rene Michau, Global Head, Digital Assets, Standard Chartered Bank, Rich Teo, Co-Founder, Paxos, Sujit Misra, Director, Amazon Payments APAC, Amazon, Umar Farooq, Co-Head of Global Payment Sales, J.P. Morgan & Chief Executive Officer, Onyx by J.P. Morgan Jo Yeo, Director & Head, Payments Development and Data Connectivity Office, Monetary Authority of Singapore }', 8='{type=number, value=1}', 12='{type=string, value=
In the past year, arguments have been had, points made and sides chosen between Teams Banking and Crypto.
Team Crypto threw down the gauntlet in the first Oxford-style debate we held at Point Zero Forum last year, lauding the real-life implementations and impact stablecoins have had in expanding financial inclusion and heralding an age of internet-scale composable and programmable money. In the same breath, they highlighted deposit tokens' limitations in addressing the last mile and expanding financial security on a global scale.
On the other side of the table, Team Banking countered by underscoring the limited assets stablecoins are constrained by, stating instead the ability of tokenised deposits to enable efficient transactions and support a wide range of financial industry use cases safely.
Observers then gave both teams credit for their arguments; but Team Crypto gained a slight edge during a second debate at the Singapore FinTech Festival later in the year, winning the audience's popular vote. This is a not-to-be-missed Grand Finale to the Digital Currency Trilogy.
Attendees who wish to familiarise themselves with the topic may refer to the reference materials below.
- Stablecoins or Tokenised Deposits
- Digital Currency Showdown: Stablecoins Vs Tokenised Deposits}', 13='{type=option, value={id=1, name='Decoding Digital Assets and Payments', order=0, label='Decoding Digital Assets and Payments'}}', 15='{type=list, value=[{id=166926454960, name='Carrie Suen'}, {id=166918998572, name='Dante Disparte'}, {id=170634784607, name='Livia Benisty'}, {id=170568348317, name='Martin Etheridge'}, {id=166926455053, name='Morgan Krupetsky'}, {id=168803717037, name='Rene Michau'}, {id=171416866601, name='Rich Teo'}, {id=169522026130, name='Sujit Misra'}, {id=166919171876, name='Umar Farooq'}]}', 16='{type=list, value=[{id=166926455043, name='Jo Yeo'}]}', 17='{type=list, value=[]}', 18='{type=option, value={id=2, name='Roundtable Room 1 (Level 2)', order=1, label='Roundtable Room 1 (Level 2)'}}'}, {id=167354408290, createdAt=1715681766561, updatedAt=1732450557016, path='agnd1143-stablecoins-in-the-monetary-system-of-the-future', name='Stablecoins in the monetary system of the future ', 2='{type=string, value=Stablecoins in the monetary system of the future }', 3='{type=string, value=AGND1143}', 4='{type=number, value=1719927000000}', 5='{type=number, value=1719932400000}', 6='{type=option, value={id=4, name='Roundtable', order=2, label='Roundtable'}}', 7='{type=string, value=Stablecoins in the monetary system of the future Daniel Lee, Head of Web3, Banking Circle, Edward Bowles, Global Head of Government Relations, Wise, Dr Gordon Liao, Chief Economist, Circle Internet Financial, Guillaume Chatain, Head of Sales, Societe Generale - FORGE, Herve Tourpe, Chief of Digital Advisory Unit, International Monetary Fund, Lesley Chavkin, Global Head of Public Policy, Paxos, Rita Liu, Chief Executive Officer, RD Technologies, Salim Dhanani, Chief Executive Officer, Pave Bank, Simonas Krėpšta, Board Member, Bank of Lithuania, Toh Wee Kee, Global Head of Business Architecture for Coin Systems, Onyx by J.P. Morgan Raadhika Sihin, Head of Policy, Elevandi }', 8='{type=number, value=1}', 12='{type=string, value=
This roundtable is the third phase of an ongoing dialogue focused on crafting open and interoperable networks within the financial ecosystem.
In November 2023, a roundtable titled 'Open and Interoperable Networks,' convened by the International Monetary Fund and the Monetary Authority of Singapore, delved into the necessity for multilateral platforms powered by such networks among global banks and regulators. A subsequent write-up underscored the need for advancements across technology, business, and regulations. These included rigorous testing of technology through live transactions, clearer articulation of the benefits of interoperability, and regulatory support for innovative technologies, such as through regulatory sandboxes.
At the March 2024 gathering during the Japan FinTech Festival, a follow-up discussion titled 'Moving Money at the Speed of the Internet' was held in collaboration with the Financial Services Agency of Japan and the Monetary Authority of Singapore. The conversation addressed the challenges posed by the lack of compliant digital infrastructure for financial institutions to execute digital asset transactions at scale. Find more insights from this discussion, emphasising the crucial role of foundational digital infrastructure in supporting open and interoperable networks in the pre-reading material.
Building on past recommendations, this third chapter brings together key stakeholders from various sectors of the financial industry to address concerns and chart a course for the future of stablecoins within the monetary system. Operating under our theme of Decoding Digital Assets and Payments, the session aims to provide guidance to regulators, support commercial banks in adapting to the evolving landscape, and encourage FinTech innovation alongside stablecoins.
Experts on the roundtable will drive a meaningful exchange on the following:
- An overview of the current concerns surrounding stablecoins, ranging from regulatory uncertainties to systemic risks, and insights into ongoing efforts to understand and regulate digital assets through collaboration. Consideration of the systematic impact of increasing holdings of reserve currencies by issuers
- The role of commercial banks in the future monetary system, including opportunities in developing on-chain assets and strategies for integrating traditional banking services with emerging digital asset platforms.
- Collaborative initiatives between FinTechs and stablecoin issuers as key drivers of innovation. Fintech leaders will be invited to share their perspectives on the intersection of innovation in the digital asset space
Attendees who wish to familiarise themselves with the topic may refer to the reference materials below.
- Open and Interoperable Networks
- Moving Money at the Speed of the Internet
- ASAP: A Conceptual Model for Digital Asset Platforms}', 13='{type=option, value={id=1, name='Decoding Digital Assets and Payments', order=0, label='Decoding Digital Assets and Payments'}}', 15='{type=list, value=[{id=171111267928, name='Daniel Lee'}, {id=169897060442, name='Edward Bowles'}, {id=168008447537, name='Dr Gordon Liao'}, {id=169398977850, name='Guillaume Chatain'}, {id=170266636074, name='Herve Tourpe'}, {id=166926455045, name='Lesley Chavkin'}, {id=170732258885, name='Rita Liu'}, {id=166919172367, name='Salim Dhanani'}, {id=166919172372, name='Simonas Krėpšta'}, {id=168007051882, name='Toh Wee Kee'}]}', 16='{type=list, value=[{id=170381387365, name='Raadhika Sihin'}]}', 17='{type=list, value=[]}', 18='{type=option, value={id=4, name='Roundtable Room 3 (Level 3)', order=3, label='Roundtable Room 3 (Level 3)'}}'}, {id=167473781340, createdAt=1715768154073, updatedAt=1732450560728, path='agnd1222-mobilising-tokenised-assets-transforming-institutional-capital-flows', name='Mobilising tokenised assets: Transforming institutional capital flows', 2='{type=string, value=Mobilising tokenised assets: Transforming institutional capital flows}', 3='{type=string, value=AGND1222}', 4='{type=number, value=1719927600000}', 5='{type=number, value=1719930300000}', 6='{type=option, value={id=3, name='Insights Stage', order=1, label='Insights Stage'}}', 7='{type=string, value=Mobilising tokenised assets: Transforming institutional capital flows Eric Saraniecki, Co-Founder & Head of Strategic Initiatives, Digital Asset, John O'Neill, Head of Digital Assets Strategy, HSBC, Mathew McDermott, Managing Director, Goldman Sachs, Nadine Chakar, Managing Director, Global Head of Digital Assets, Depository Trust and Clearing Corporation (DTCC), Nelson Chow, Chief Executive Officer, Hong Kong FMI Services Limited Darko Stefanoski, Partner, Legal, Regulatory & Compliance – Financial Services, "Ernst & Young S.A., Switzerland" }', 8='{type=number, value=1}', 12='{type=string, value=
This session will cast a spotlight on the progress made on tokenisation platforms, issuances and money market funds as the financial services industry evolves. Leaders will also chart the collaboration needed to mobilise these assets, drive adoption, and create the blueprint to move these projects to production in the near team.
}', 13='{type=option, value={id=1, name='Decoding Digital Assets and Payments', order=0, label='Decoding Digital Assets and Payments'}}', 15='{type=list, value=[{id=166919172264, name='Eric Saraniecki'}, {id=166919172268, name='John O'Neill'}, {id=166919171871, name='Mathew McDermott'}, {id=169396664107, name='Nadine Chakar'}, {id=169630205056, name='Nelson Chow'}]}', 16='{type=list, value=[{id=166926454967, name='Darko Stefanoski'}]}', 17='{type=list, value=[]}', 18='{type=option, value={id=9, name='Hall C (Level 2)', order=8, label='Hall C (Level 2)'}}'}, {id=166919172407, createdAt=1715265303041, updatedAt=1732450563290, path='agnd1073-foundational-layer-for-financial-networks-the-regulators-view', name='Foundational layer for financial networks: The regulators' view', 2='{type=string, value=Foundational layer for financial networks: The regulators' view}', 3='{type=string, value=AGND1073}', 4='{type=number, value=1719930300000}', 5='{type=number, value=1719932400000}', 6='{type=option, value={id=3, name='Insights Stage', order=1, label='Insights Stage'}}', 7='{type=string, value=Foundational layer for financial networks: The regulators' view Claudine Hurman, Director of Innovation and Financial Market Infrastructures, Banque de France, Grovetta Gardineer, Senior Deputy Comptroller for Bank Supervision Policy, Office of the Comptroller of the Currency, Holger Neuhaus, Head of Market Innovation and Integration, European Central Bank, Ryosuke Ushida, Chief FinTech Officer, Financial Services Agency of Japan Alan Lim, Director & Head, FinTech Infrastructure Office, Monetary Authority of Singapore }', 8='{type=number, value=1}', 12='{type=string, value=
In this session, discover the imperative of constructing an open and interoperable foundation for financial networks, fostering collaboration, innovation, and seamless connectivity across the global financial ecosystem.
}', 13='{type=option, value={id=1, name='Decoding Digital Assets and Payments', order=0, label='Decoding Digital Assets and Payments'}}', 15='{type=list, value=[{id=166919171904, name='Claudine Hurman'}, {id=170845023884, name='Grovetta Gardineer'}, {id=167230722173, name='Holger Neuhaus'}, {id=169733497183, name='Ryosuke Ushida'}]}', 16='{type=list, value=[{id=166918998577, name='Alan Lim'}]}', 17='{type=list, value=[]}', 18='{type=option, value={id=9, name='Hall C (Level 2)', order=8, label='Hall C (Level 2)'}}'}, {id=169373572380, createdAt=1717485356100, updatedAt=1732450565842, path='agnd1123-the-real-world-asset-tokenisation-rwa-endgame-institutions-assemble-powered-by-qcp', name='"The Real World Asset Tokenisation (RWA) endgame: Institutions, assemble!" - Powered by QCP', 2='{type=string, value="The Real World Asset Tokenisation (RWA) endgame: Institutions, assemble!" - Powered by QCP}', 3='{type=string, value=AGND1123}', 4='{type=number, value=1719930600000}', 5='{type=number, value=1719932400000}', 6='{type=option, value={id=6, name='Workshop', order=3, label='Workshop'}}', 7='{type=string, value="The Real World Asset Tokenisation (RWA) endgame: Institutions, assemble!" - Powered by QCP Melvin Deng, Chief Executive Officer, QCP }', 8='{type=number, value=1}', 12='{type=string, value=
The curation of content and speakers was wholly managed by QCP and does not reflect the views of the organisers or its staff.
This session will address the following:
- What the onchain future of finance looks like
- Compete or collaborate: Whether traditional finance will take over digital assets using RWA as an entry point
- From US Treasury bills, gold, real estate and more, what will be tokenised next
- What will drive utility and adoption in RWAs
- What will drive greater acceptance of RWAs among regulators
}', 13='{type=option, value={id=1, name='Decoding Digital Assets and Payments', order=0, label='Decoding Digital Assets and Payments'}}', 15='{type=list, value=[{id=171046073776, name='Andrei Kazantsev'}, {id=171047717430, name='Eugene Kwok'}, {id=166926455049, name='Melvin Deng'}, {id=171469314562, name='Stephen Whyman'}]}', 16='{type=list, value=[{id=171046448944, name='Professor Agostino Capponi'}]}', 17='{type=list, value=[]}', 18='{type=option, value={id=6, name='Workshop Room 2 (Level 3)', order=5, label='Workshop Room 2 (Level 3)'}}'}, {id=170147921587, createdAt=1718163467304, updatedAt=1732450564556, path='agnd1119-how-to-build-a-viable-business-case-with-tokenisation-moving-from-pilots-to-production-and-distribution-powered-by-taurus', name='"How to build a viable business case with tokenisation: Moving from pilots to production and distribution" - Powered by Taurus', 2='{type=string, value="How to build a viable business case with tokenisation: Moving from pilots to production and distribution" - Powered by Taurus}', 3='{type=string, value=AGND1119}', 4='{type=number, value=1719930600000}', 5='{type=number, value=1719934200000}', 6='{type=option, value={id=6, name='Workshop', order=3, label='Workshop'}}', 7='{type=string, value="How to build a viable business case with tokenisation: Moving from pilots to production and distribution" - Powered by Taurus }', 8='{type=number, value=1}', 12='{type=string, value=
The curation of content and speakers was wholly managed by Taurus and does not reflect the views of the organisers or its staff.
The digital assets landscape is rapidly evolving with new technologies, such as blockchain and tokenisation standards, as well as regulatory requirements. While many tokenisation initiatives continue to emerge, few pilots have proven to build a sustainable business model.
This workshop will discuss the business, technical and regulatory challenges, as well as opportunities related to performing tokenisation at scale. It will also cover how banks and financial institutions can build a viable business model as they move from pilots into production and distribution.
}', 13='{type=option, value={id=1, name='Decoding Digital Assets and Payments', order=0, label='Decoding Digital Assets and Payments'}}', 15='{type=list, value=[{id=170732258878, name='Juergen Hofbauer'}, {id=171100688465, name='Victor Busson'}]}', 16='{type=list, value=[]}', 17='{type=list, value=[]}', 18='{type=option, value={id=5, name='Workshop Room 1 (Level 3)', order=4, label='Workshop Room 1 (Level 3)'}}'}, {id=167473781344, createdAt=1715768155228, updatedAt=1732450569692, path='agnd1236-foundational-layer-for-financial-networks-the-industry-view', name='Foundational layer for financial networks: The industry view', 2='{type=string, value=Foundational layer for financial networks: The industry view}', 3='{type=string, value=AGND1236}', 4='{type=number, value=1719932400000}', 5='{type=number, value=1719934200000}', 6='{type=option, value={id=3, name='Insights Stage', order=1, label='Insights Stage'}}', 7='{type=string, value=Foundational layer for financial networks: The industry view Caroline Butler, Global Head of Digital Assets, BNY, Jean-Marc Stenger, Chief Executive Officer, Societe Generale - FORGE, Masashi Watanabe, Managing Director, Digital Strategy Division, "MUFG Bank, Ltd.", Umar Farooq, Co-Head of Global Payment Sales, J.P. Morgan & Chief Executive Officer, Onyx by J.P. Morgan, Marni Mcmanus, Country Officer & Head of Banking Switzerland, Monaco & Liechenstein, Citi Alan Lim, Director & Head, FinTech Infrastructure Office, Monetary Authority of Singapore }', 8='{type=number, value=1}', 12='{type=string, value=
In this session, discover the imperative of constructing an open and interoperable foundation for financial networks, fostering collaboration, innovation, and seamless connectivity across the global financial ecosystem.
}', 13='{type=option, value={id=1, name='Decoding Digital Assets and Payments', order=0, label='Decoding Digital Assets and Payments'}}', 15='{type=list, value=[{id=169052905074, name='Caroline Butler'}, {id=166919172267, name='Jean-Marc Stenger'}, {id=168007051863, name='Masashi Watanabe'}, {id=166919171876, name='Umar Farooq'}, {id=171848781322, name='Marni Mcmanus'}]}', 16='{type=list, value=[{id=166918998577, name='Alan Lim'}]}', 17='{type=list, value=[]}', 18='{type=option, value={id=9, name='Hall C (Level 2)', order=8, label='Hall C (Level 2)'}}'}, {id=168267944517, createdAt=1716462947775, updatedAt=1732450571004, path='agnd1262-global-policymakers-dialogue-on-interlinking-fast-payment-systems', name='Global policymakers’ dialogue on interlinking fast payment systems', 2='{type=string, value=Global policymakers’ dialogue on interlinking fast payment systems}', 3='{type=string, value=AGND1262}', 4='{type=number, value=1719933300000}', 5='{type=number, value=1719936900000}', 6='{type=option, value={id=2, name='Forum Stage', order=0, label='Forum Stage'}}', 7='{type=string, value=Global policymakers’ dialogue on interlinking fast payment systems Daranee Saeju, Assistant Governor, Bank of Thailand, Leong Sing Chiong, Deputy Managing Director (Markets and Development), Monetary Authority of Singapore, Mamerto Tangonan, Deputy Governor, Bangko Sentral ng Pilipinas, Rabi Sankar Tavarna, Deputy Governor, Reserve Bank of India, Suhaimi Ali, Assistant Governor, Central Bank of Malaysia Maha El Dimachki, Centre Head - Singapore, BIS Innovation Hub }', 8='{type=number, value=1}', 12='{type=string, value=
In this session, policymakers convene to envision the future state of financial market infrastructure, where multilateral cross-border fast payment linkages become the cornerstone of the global financial architecture. Leveraging on practical insights from exploratory projects such as Project Nexus, the session seeks to uncover the risks and opportunities and chart the way forward on how interlinking of fast payment systems could reshape cross-border payments, market dynamics and global connectivity.
}', 13='{type=option, value={id=1, name='Decoding Digital Assets and Payments', order=0, label='Decoding Digital Assets and Payments'}}', 15='{type=list, value=[{id=169637847688, name='Daranee Saeju'}, {id=166918998585, name='Leong Sing Chiong'}, {id=169521862685, name='Mamerto Tangonan'}, {id=170826231727, name='Rabi Sankar Tavarna'}, {id=170729826577, name='Suhaimi Ali'}]}', 16='{type=list, value=[{id=166919172277, name='Maha El Dimachki'}]}', 17='{type=list, value=[]}', 18='{type=option, value={id=1, name='Hall A (Level 2)', order=0, label='Hall A (Level 2)'}}'}]
