Standard Chartered CEO Bill Winters has projected that blockchain technology will become the foundation for settling nearly all global transactions, with all currencies transitioning to digital forms. Speaking at the 2025 Hong Kong Fintech Week, Winters highlighted Hong Kong's proactive stance, including the development of a stablecoin for the Hong Kong dollar to enhance cross-border digital trade. Standard Chartered is actively involved in blockchain initiatives, having launched institutional Bitcoin and Ethereum trading services and partnered with FalconX for cross-border crypto liquidity. The bank has also established a digital asset custody entity in Europe to align with the EU's forthcoming MiCA regulations. Winters underscored blockchain's potential to replace current cross-border payment systems due to its traceability and programmability. A Ledger Insights report indicates that over 90% of central banks are exploring digital currencies, reflecting a global shift towards blockchain-based financial systems.