Standard Chartered Bank CEO made remarkable assessments about the future of global finance.
Standard Chartered CEO: “All Transactions Will Be Processed on Blockchain in the Future”
The bank executive said that both Standard Chartered and the Hong Kong Special Administrative Region leadership believe that all financial transactions will eventually occur through blockchain technology.
According to the CEO, digitization will fundamentally transform not only payment systems but also all currencies and financial infrastructure. “In the future, all currencies will be digital, and all transactions will ultimately be settled on blockchain,” he said, noting that this transformation has become an inevitable global trend.
The bank has recently been attracting attention with its projects in digital asset custody services, central bank digital currencies (CBDC), and tokenization. Standard Chartered collaborates with both the public and private sectors to expand digital financial infrastructure in Asia and the Middle East.
Experts emphasize that such statements by major banks increase the legitimacy of blockchain-based financial systems and that traditional financial institutions are also rapidly taking a position in this direction.
The CEO’s statement underlines that the transition to blockchain-based global payment systems in the financial world is no longer just a vision, but a reality of the near future.
*This is not investment advice.