A New Market Paradigm: The Guardian Wholesale Network

The panel session covers the Guardian Wholesale Network (GWN), described as a new market paradigm for enterprise blockchain and decentralised finance.

Key highlights

Introduction of the Guardian Wholesale Network:

• The GWN underpins diverse use cases in tokenized cash, FX, fixed income, and funds.
• Live transactions have been conducted on a test net by initial members like Citi, HSBC, Schroders, Standard Chartered, and UOB.
• The network focuses on composability and interoperability, enhancing programmable and digital financial solutions.

• Deepak provides an analogy of composable finance using Lego bricks, emphasising the flexibility to create new financial products.
• Rajeev discusses the ability to build on each other's work, enhancing asset life cycle functions through programmable assets.
• Steven highlights breaking silos and connecting digital islands for interoperability, concentrating liquidity pools through programmable securities and money.
  
  

• Marita advises against aiming for perfection, advocating for recognising the nascent stage of the tokenization market and focusing on scaling up.
• Rajeev points out that innovation should be patient and requires deep, long-term investment.
  
  

• Marita and Rajeev envision tokenization and blockchain unlocking personalized and diversified financial products.
• Thoughts on interconnected networks and the need for standards to facilitate seamless asset movement and compliance were shared.
• Prospects of collaborative, open, and interoperable networks were discussed, emphasising the importance of industry-wide feedback and collaboration.

Conclusion:
The panel ends with a call to action for more industry participation and feedback to further develop and refine the Guardian Wholesale Network.

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Speakers: 

• Deepak Mehra, Head of Digital Assets & International Lead for Strategic Investments, Markets, Citi
• Marita McGinley, Head of Digital Asset Strategy, Schroders
• Rajeev Tummala, Head of Digital & Data, Asia & MENA, HSBC Securities Services, HSBC
• Dr. Steven Hu, Head of Digital Assets, Trade and Working Capital, Standard Chartered Bank

Moderator: