Standard Chartered is aligning its global digital finance strategy with Hong Kong's progressive regulatory environment, according to CEO Bill Winters. The bank is leveraging Hong Kong's initiatives in tokenized deposits, wholesale CBDCs, and stablecoins to drive blockchain innovation. This move coincides with the Hong Kong Monetary Authority's launch of its 'Fintech 2030' strategy, which emphasizes data, payments, AI, resilience, and tokenization.
The regulatory landscape in Hong Kong is becoming more conducive to digital asset trading, with licensed crypto exchanges now able to connect with global order books. Standard Chartered has been actively involved in the Hong Kong Monetary Authority's regulatory sandboxes, contributing to a 10% increase in its Q3 net profit, reaching $1.03 billion, fueled by advancements in digital finance and cross-border payments.
Standard Chartered Supports Hong Kong's Blockchain Strategy with Fintech 2030 Launch
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