Umar Farooq

This session explores the integration of digital assets into the financial system, focusing on the current state of infrastructure, markets, and regulations. Global leaders will assess the viability of business use cases that justify the integration, discuss achieving interoperability between different blockchain networks, and examine various digital assets such as tokenised deposits and central bank digital currencies (CBDCs). Join us to understand how these elements shape the future of digital finance.

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

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.