Reports

As economic dynamism has shifted East to give rise to what has been termed the “Asian Century,” hundreds of millions of people across Asia have achieved middle income status. As affluence across the region grows, people are looking for ways to further build and diversify their wealth.

There is a raft of Digital Asset Tokenisation activity across Asia as many entities are developing and launching new tokenisation platforms. These players range from traditional institutions such as banks and exchanges to ambitious startup Fintechs looking to disrupt the existing modus operandi.

Digital transformation in the financial services industry is proceeding at a rapid pace, driven by intense competition from new players entering the market, the evolution of customer expectations, regulatory pressures, and Covid-19. How are payment players meant to respond to such an unforgiving terrain?