Standard Chartered CEO: All Money Will Go Digital, All Transactions On Blockchain

Standard Chartered CEO Bill Winters expects every transaction to one day run on blockchain, calling it a “complete rewiring” of global ￰0￱ Chartered CEO Believes Blockchain Will Host All Money Eventually As reported by CNBC, Bill Winters talked about the future of finance and Hong Kong’s role in the global digital assets space at a Hong Kong FinTech Week panel on Monday. “Our belief, which I think is shared by the leadership of Hong Kong, is that pretty much all transactions will settle on blockchains eventually, and that all money will be digital,” said the Standard Chartered ￰1￱ comment comes as there has been a push toward digital ledger tokenization around the ￰2￱ giant SWIFT, for example, is developing a blockchain-based ledger, as announced in ￰3￱ of an asset creates a digital copy of it that can be traded on the ￰4￱ year, Hong Kong launched a project to test the application of tokenization in real-life business scenarios, with Standard Chartered as a ￰5￱ Chartered is a British bank that operates around the world, including Hong ￰6￱ institution, designated as a Global Systemically Important Bank (G-SIB) by the Financial Stability Board (FSB), has been growing its presence in the digital assets space ￰7￱ this year, the bank became the first of its stature to launch a spot Bitcoin and Ethereum trading desk for institutional ￰8￱ has also formed a joint venture with Animoca Brands and Hong Kong Telecom (HKT) to obtain a stablecoin license from the Hong Kong Monetary Authority (HKMA).

Stablecoins represent a prominent example of tokenization, acting as blockchain counterparts to fiat ￰9￱ Chartered is planning to launch an asset of this kind based on the Hong Kong Dollar (HKD). The current tokenized assets may only be the beginning if the prediction from the bank’s CEO about all money eventually becoming digital is to go by. “Think about what that means: a complete rewiring of the financial system,” noted ￰10￱ Has Taken A 3% Hit During The Past Day Bitcoin has kicked off the new week with another retrace as its price is back down to the $107,500 ￰11￱ chart below shows how the cryptocurrency’s trend has looked ￰12￱ the recent bearish wave, however, Bitcoin is still outperforming in 2024 in terms of the spot exchange-traded fund (ETF) ￰13￱ CryptoQuant community analyst Maartunn has pointed out in an X post , 2025 is ahead of 2024 in year-to-date ￰14￱ this point last year, US Bitcoin spot ETFs registered around $22.5 billion in cumulative ￰15￱ same metric for 2025 is now sitting at $25.18 billion.