Chen Li

General Counsel

RedotPay

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Chen Li serves as General Counsel at RedotPay, a global fintech provider building regulated stablecoin-powered payment infrastructure. She brings over 20 years of post-qualification experience specialising in technology, digital platforms and complex cross-border legal work, with deep expertise in Web3, virtual asset regulation and stablecoin payment compliance.

Prior to joining RedotPay, Chen spent more than 13 years at Microsoft, serving as Asia Pacific Strategic Partnership Lead and previously Head of Legal for Microsoft Greater China Region. Before Microsoft, she was Senior Vice President and Head of Legal at NASDAQ-listed GigaMedia Limited, where she led an in-house legal team and managed multi-jurisdictional M&A and investment transactions.

Chen began her legal career as an associate at top-tier international law firms Fried Frank and Simmons & Simmons. She holds an LL.M. from University of Pennsylvania Carey Law School and is admitted to the New York Bar.

Recognised as one of Chambers Greater China GC Influencers in 2025, she has received multiple awards from China Business Law Journal. Her practice covers emerging technologies, data privacy, AI governance, and the full lifecycle compliance of virtual asset services and cross-border stablecoin payment programmes. At RedotPay, she owns the legal strategy to enable responsible, compliant global rollout of stablecoin payment solutions across multiple jurisdictions.

Speaking At

1:00–2:30pmMon 16 NovPublic-Private RoundtableRoundtable Room 1Open
Global Frameworks and Shared Best Practices in Payments Chains

Bilateral Linkages, Shared Multilateral Hubs, or Tokenized Instruments: Pathways to Improving Cross-Border Payments Connectivity

Public-Private RoundtableRoundtable Room 1Open
About this session

Instant domestic payment systems already work and several countries have linked theirs bilaterally, cutting cross-border transfers from days to seconds at a fraction of the cost. But each new bilateral link involves its own negotiation, and multilateral alternatives have yet to go fully live.
Meanwhile, the G20's own 2027 targets for cost and transparency in cross-border payments are, on current trajectory, likely to be missed. The persistent blocker often isn't the payment rail at all, but mismatched technical requirements between jurisdictions that add friction regardless of which technology carries the transaction. What would it actually take to move from a growing patchwork of bilateral links to something that scales – or will the growing adoption of tokenized instruments for cross-border payments render these efforts obsolete?
This session explores the multiple pathways to achieving greater cross-border payments connectivity, from shared multilateral hubs, scaling up bilateral linkages, tokenized instruments, and alternative approaches developed by FinTechs to scaling instant cross-border payments connectivity. Participants will discuss the technical and commercial barriers to scaling instant payments connectivity; identify why current models have yet to deliver the G20 targets; discuss whether the KPIs themselves need redesigning to better capture end-user outcomes; explore the role of tokenized instruments as an alternative approach to solving the cross-border challenge; and determine the viable approaches to greater payments connectivity.
Insights from this discussion will help inform the Financial Stability Board (FSB) as it considers priorities for enhancing cross-border payments beyond 2027.

Speakers

Chen Li

Speaking At

Bilateral Linkages, Shared Multilateral Hubs, or Tokenized Instruments: Pathways to Improving Cross-Border Payments Connectivity