Fintech/Virtual Assets
[Webinar] Tokenisation and Stablecoins: Building the Next Generation of Financial Market Infrastructure
Overview
As digital assets continue to mature, attention is increasingly shifting from cryptocurrency trading towards the transformation of financial market infrastructure. This session examines two of the most significant developments in this evolution: tokenisation and stablecoins. Participants will explore how traditional financial assets are being represented in digital form, the practical use cases emerging across capital markets, and the role stablecoins may play in payments, settlement and liquidity management. The session will also examine current regulatory developments, market challenges and opportunities, and the implications for financial institutions, market participants and investors.
Content
Part I – Tokenisation: From Concept to Commercial Reality
• What tokenisation is — and is not
• Difference between cryptoassets and tokenised financial assets
• Why financial institutions are pursuing tokenisation
• Key use cases
• Operational benefits and efficiency gains
• Custody, ownership, liquidity and interoperability considerations
• Lessons from successful and unsuccessful tokenisation initiatives
• Hong Kong's role in the development of tokenised markets
Part II – Stablecoins: The Settlement Layer for Digital Markets
• What stablecoins are and how they differ from other virtual assets
• Stablecoin models and market evolution
• Why stablecoins have achieved significant adoption
• Key use cases
- Payments
- Treasury management
- Cross-border value transfer
• Stablecoins as a settlement asset for tokenised markets
• Risks, controls and lessons from market failures
• Hong Kong's stablecoin regime and global regulatory developments
• Future opportunities and market developments
Who should attend
This session is suitable for investment, risk, compliance, legal, operations and management professionals who wish to understand the practical applications of tokenisation and stablecoins, recent regulatory developments, and their potential impact on financial markets and financial institutions.
Speaker/Course Instructor
As COO, Donald is directly responsible for leading the license application process and liaising with regulators. He also oversees the development and execution of business strategies, maintains key relationships with vendors, partners, and clients, and builds a strong team to successfully operate the platform. Donald is a co-founder of CFAAR, a not-for-profit organisation that provides education and guidance to legal professionals and the wider market on crypto fraud cases and related asset recovery.
Previously, Donald served as the Subject Matter Expert for Digital Assets, including cryptocurrencies, at the SFC. In this role, he helped design Hong Kong's regulatory framework, terms, conditions, and guidelines for virtual asset fund managers and trading platforms. He also led the supervision of virtual asset fund managers and trading platforms.
Before joining the SFC, Donald co-founded Bletchley Park Asset Management as Partner and CTO. He was instrumental in establishing the organisation, including setting up trading platform connectivity, crypto custody, and treasury operations. He also opened offices in Hong Kong and Jersey, led systematic portfolio management, and automated arbitrage strategies. Earlier in his career, Donald worked on the sell-side and buy-side as a Quantitative Strategist and Trader for companies including Deutsche Bank and Segantii. He started his career as a Manager in the Capital Markets practice of Accenture, where he designed trading systems for global exchanges in Europe and the Asia-Pacific (APAC) region.
Donald holds an MBA (Finance) from London Business School and a Master in Computer Science (Artificial Intelligence) from LMU University Munich. Donald was appointed Adjunct Assistant Professor at The Chinese University of Hong Kong, where he teaches a course on FinTech and RegTech topics.