Honored to have spoken at InnoVision 2022 CPAC Canada about how #web3 , #defi, #distributedledgertechnology (#DLT), #metaverse is #reinventing Banks and Financial Institutions including cross border payments for for Banks and reducing #settlement times from T+2 to near real time T+0. Allowing #capitalmarkets clients to provide better liquidity, safekeeping and transactional services.
Settlement through #crypto (#CBDC or #stablecoins) offers the potential to reduce risk and improve capital efficiency. Potential for reducing settlement times and less complex settlement for #payments and money movements.
Banks are already offering #digital #custodian services. #tokenization of assets allowing #financialinstitutions to come up with crypto deposits, custody, #trading and #settlement. New products such as #NFT #collateral loans, secondary markets for NFT assets, crypto based investments, crypto #creditcards emerge.
It's my pleasure sharing the stage with Zengchang Qin, Wagner James Au and Anna Lomanowska, PhD. and Andi Shi as such a great host. Thank you for having me.
#payments #banks #decentralizedfinance #web30 #vrchat #decentraland #sandbox #Roblox #axieinfinity #fortnite #horizonworlds #artificialntelligence #blockchaintechnology #virtualreality #augmentedreality #extendedreality #mixedreality #digitaltransformaton #gaming
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