Fabian Khoshbakht

This roundtable represents the latest milestone in the ongoing evolution of Project Guardian, a concerted effort to foster responsible innovation in digital assets while safeguarding financial stability and integrity.

In 2023, Project Guardian had unlocked the potential of traditional finance (TradFi) through decentralised finance (DeFi) with a summary outlining actionable insights. This includes 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 have 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. The roundtables will focus on the following two asset classes: Foreign exchange and Asset and wealth management (Funds).

This roundtable reflects Elevandi’s commitment to developing the infrastructure to support the adoption of new technologies.

The quest for cheaper, faster, more transparent and accessible cross-border payments has become a central focus for policymakers and financial institutions worldwide. At the forefront of this initiative is the G20 Roadmap for Enhancing Cross-border Payments, setting ambitious targets on speed, cost, transparency and accessibility by the end of 2027, while also prioritising safety and financial inclusion globally.

In tandem with this global effort, the Bank for International Settlements (BIS) introduced Project Nexus in 2021, an innovative initiative aimed at reshaping the landscape of cross-border payments. Through Nexus, the BIS has developed a multilateral and standardised approach in connecting fast payment systems globally to enable instant and seamless cross-border payments. Over the past two years, Project Nexus has conducted a successful proof-of-concept with the fast payment systems in the Eurozone, Malaysia, and Singapore. Notably, it has also facilitated collaboration among five Southeast Asian countries to link their fast payment systems.

With the completion of Phase III of Project Nexus, it promises to reveal ground-breaking advancements towards establishing a global multilateral payments platform. Under the theme of Decoding Digital Assets and Payments, this upcoming roundtable presents a rare opportunity for attendees to gain insights into the blueprint for this pioneering cross-border payments model. With the potential to revolutionise the current state of the global financial market infrastructure, Project Nexus is poised to redefine the future of cross-border transactions.

Attendees who wish to familiarise themselves with the topic may refer to the reference materials below.
- Nexus project page
- Latest (2024) Nexus report
- Enabling & scaling instant cross-border payments
- Connecting to global scalability in payments: How we can benefit and contribute to the nexus
- Nexus: enabling instant cross-border payments