概要

This webinar provides a practical introduction to tokenisation in capital markets, covering tokenised bonds, other tokenised real-world assets and digital forms of money. It explains how distributed ledgers, smart contracts and digital cash can change issuance and settlement, while examining the transition from experimentation to institutional adoption. The session also considers the role of banks, regulators and financial market infrastructures (FMIs), with examples from Hong Kong and other major financial centres.

內容

1. Why Tokenisation Matters
   • Why regulators, FMIs, issuers and investors are focusing on tokenisation
   • Evolution from experimentation to institutional adoption
   • Key developments across Hong Kong, Singapore, Europe and the Middle East
2. What is Asset Tokenisation?
   • Crypto assets vs tokenised traditional assets
   • Distributed ledger technology, smart contracts and digital cash
   • Case studies: tokenised bond and money market fund
3. Tokenised Bonds in Practice
   • How tokenisation changes bond issuance and settlement
   • Key benefits and barriers to scale
4. The Missing Piece: Tokenised Money & Settlement
   • Why tokenised assets need tokenised cash
   • Stablecoins vs CBDCs vs tokenised deposits
   • Tokenised central bank money (CeBM): its role in settlement and how it relates to CBDCs
   • Delivery-versus-Payment, atomic settlement and risk reduction
   • Case studies: regulated stablecoins and tokenised deposits
5. The Future Market Structure
   • Interoperability between public and private blockchains
   • Evolving bank roles and distribution channels
   • 24/7 capital markets
   • Opportunities for Hong Kong as a digital capital markets hub

對象

Financial services professionals seeking a practical understanding of tokenisation, including practitioners working in capital markets, asset and wealth management, risk and compliance and financial market infrastructure.