"Connecting Cross-Border Secondary Markets for Tokenized Securities" - Powered by SBI Digital Markets
This presentation focuses on the significance and mechanics of connecting secondary markets for tokenized securities across different borders.
Discussion on Tokenized Asset Market:
- The Singapore FinTech Festival has explored various tokenized assets, but many projects have not reached commercialisation or sustainable programs.
- SBI Digital Markets is launching a product in Q1 2025 to build the secondary market for tokenized assets.
Max Heinzle on 21X’s Role:
- Emphasises the importance of regulation allowing trading and settlement on blockchain.
- Discusses the advancement in EU regulation to improve EU clearing services by streamlining and shortening procedures.
Regulatory Challenges and Solutions:
- Jittinun:
- Highlights regulatory challenges and differences across countries.
- Collaborates to bridge liquidity gaps and regulatory differences.
- Heejin Shin:
- Discusses Korea's regulatory progress and market preparation.
- Emphasises collaboration with global and national partners.
Importance of Regulatory Evolution:
- Asia shows significant interest from the regulatory side.
- EU's blockchain-leveraging capital market infrastructure regulation is a milestone in capital market history.
- Regulation is driving capital market revolution.
Conclusion
Panelists encourage collaboration among financial institutions to explore tokenized financial instruments and emphasise the need to work together to push the market forward and avoid being left behind.
Speakers:
- Heejin Shin, Head of Ventures & Digital Assets, Kyobo Securities
- Jittinun Chatsiharach, Chief Executive Officer, Token X
- Max Heinzle, Founder & Chief Executive Officer, 21X
Moderator:
- Winston Quek, Chief Executive Officer, SBI Digital Markets