Standard Chartered CEO Bill Winters predicts all transactions will run on blockchain in the future, rewiring the financial system. Hong Kong has been a hub for blockchain and crypto since 2022, with recent stablecoin legislation. Standard Chartered partnered with Animoca Brands to launch a Hong Kong dollar-backed stablecoin.

Winters sees potential for HKD stablecoins in international trade. The U.S. enacted stablecoin rules and the SEC launched Project Crypto. Financial leaders express optimism for blockchain. Robinhood CEO compares tokenization to a “freight train.” JPMorgan CEO Jamie Dimon acknowledges the reality of crypto and blockchain.

Read more at Yahoo Finance: ‘All Transactions Will Settle On Blockchains Eventually,’ Standard Chartered CEO Says