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.

Composable Finance:
  • 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.

Lessons Learned from Project Guardian:
  • 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.

Future Opportunities and Advancements:
  • 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.

 

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:

  • Sophia Lopez, Founder & President, Kaleido

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