The proliferation of digital assets has accelerated rapidly, generating a level of market interest sufficient to influence strategy at many major financial institutions and other corporations. At present, digital assets are disrupting the entire financial market, driving changes in the financial ecosystem, whilst blockchain, the underlying distributed ledger technology for managing digital assets, is also gaining considerable traction, providing companies with the ability to transform aspects of how they do business.
According to Deloitte’s 2021 Global Blockchain Survey, leaders at financial services institutions globally regard digital assets and blockchain technologies as a strategic priority. Nearly 80% of survey respondents said digital assets will be very or somewhat important to their respective industries in the coming two years, whilst more than three-quarters of respondents said they believe digital assets will serve as a strong alternative to or replacement for fiat currencies in the next five to ten years.
A company that is riding this wave is Fusang, Asia’s first fully licensed and regulated public and private blockchain financial ecosystem for security tokens and digital assets. Licensed in two jurisdictions (Hong Kong and Labuan, Malaysia), the company operates a fully licensed and regulated public and private digital ecosystem which includes Fusang Exchange, Asia’s first regulated stock exchange for security tokens.
To dive deeper into how digital assets are taking the world by storm and transforming the global financial and investment landscape, we spoke to Farah Jaafar, Managing Director of Fusang.
During the conversation, Farah also shared her perspective on:
- Security tokens and digital assets
- The company’s partnership with China Construction Bank to offer the first ever digital, tokenized, blockchain-based bonds
- The crypto winter and its impact on the ecosystem on the whole
- Regulation and the role of technology and digitalization within the crypto / digital assets space
- What lies ahead for Fusang for the rest of 2022 and into 2023
- The digital element and how it has changed legacy finance
Guest: Farah Jaffar, Managing Director of Fusang
Host: Brian Fernandez
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