Rajeev Tummala

The curation of content and speakers was wholly managed by Amazon and does not reflect the views of the organisers or its staff.

Drawing from a recently launched report authored by McKinsey & Company entitled “Purpose Bound Money (PBM): A New Paradigm in Value Transfer'', this workshop will present important lessons learned from PBM pilots to date and explore possible roadmaps to driving universal adoption for PBM. The workshop also aims to discuss various pathways to universalise adoption for policymakers and regulators to consider as they establish foundations within their own jurisdictions to integrate PBM into mainstream payments systems and infrastructure.

This workshop aims to provide an opportunity for an exchange of views from the public and private sectors on the value proposition and future prospects for PBMs to be integrated into the mainstream retail payment system. It also aims to promote discussion on key elements of an enabling environment to facilitate customer and merchant adoption of PBMs.

The curation of content and speakers was wholly managed by HSBC and does not reflect the views of the organisers or its staff.

BIS proposed the vision of the Finternet a few months ago. Is it feasible and will it really accelerate financial inclusion? What exactly is quantum and what is the hype? Can we really apply quantum in the financial industry? AI is all the buzz right now, how practical are its applications in finance? Join us in this workshop where we will distinguish between hype and reality around the most prominent topics on innovation and finance today.

The curation of content and speakers was wholly managed by Partior and does not reflect the views of the organisers or its staff.

WIth T+1 becoming the new global normal, challenges such as time zone disparities and FX management complexities will continue to emerge. Institutions across Asia-Pacific and Europe will be expected to tackle the need for global harmonisation and industry standards, while addressing increased automation and technological readiness. Join us to explore strategies for institutions to enhance efficiency and reduce costs in the journey T+1 .
- Understand the motivations driving the transition from T+2 to T+1 settlement and how this benefits market participants.
- Highlight innovative solutions facilitating the transition to T+1 settlement and discuss the role of distributed ledger technology, automation, and AI in addressing frictions in FX markets.
- Examine the implications for regulatory compliance and risk management frameworks, and the importance of collaboration for a successful T+1 transition.

This roundtable continues Elevandi’s series on the progress of Project Guardian, a concerted effort between policymakers and the financial industry to foster responsible innovation in asset tokenisation while enhancing liquidity and efficiency of financial markets.

Forms of financial asset tokenisation are taking shape in capital markets, through platforms that facilitate the issuance of these tokens to those supporting secondary trading of tokenised securities. With tokenisation, these platforms are broadening investor access to private equity and private credit by making it more cost-efficient to fractionalise and offer such products. Furthermore, by simplifying the distribution and trading of such products digitally, platforms may improve the liquidity of these traditionally illiquid products.

In 2023, participating financial institutions in Project Guardian demonstrated the potential of asset tokenisation through different pilots across use cases, unlocking the potential of traditional finance (TradFi) through decentralised finance (DeFi). A summary outlining actionable insights was produced that highlighted the importance of international collaboration, responsible innovation, and a shift towards outcome-oriented approaches by taking tokenisation from concepts to commercialisation. Emphasising the need to prioritise commercial value over just technological allure, these discussions set the tone for the pivotal role of Project Guardian in shaping the financial landscape. Read the report here.

Looking ahead to 2024, the next phase of Project Guardian aims to accelerate institutional adoption and scalability for asset tokenisation, by unpacking how the industry can work together to fuel this acceleration. This roundtable is one of two roundtables held at the Point Zero Forum under the theme of Decoding Digital Assets and Payments that will discuss the latest developments and findings based on the milestones achieved under Project Guardian till date. This roundtable will focus on asset and wealth management.

Attendees who wish to familiarise themselves with the topic may refer to the linked reports.
- Guardian roundtable: Concepts to commercialisation
- Playback of Project Guardian – Unlocking TradFi with DeFi