The Future of Digital Assets

Summary

Digital assets extend well beyond cryptocurrency, encompassing any virtual record of value that can be stored or transferred across a cryptographically secured ledger. Andre Chan of SCB TechX and Charu Sethi of Unique Network discuss with twimbit’s Varnika Goel what that broader definition means for banks looking to embed digital assets into their existing product lines.

Use cases explored include reaching unbanked and underbanked customers, building smoother interfaces onto complex decentralised finance applications, competing with crypto-native firms on cost and speed, and banks potentially issuing their own digital currencies. Private equity and debt markets emerge as an area of particular opportunity, given persistent inefficiencies in how those assets are currently administered.

NFTs and tokenisation are discussed as tools for deepening loyalty programs by stacking additional benefits onto a single digital asset, while community-building around tokens is framed as a potential foundation for new products such as crowdfunding and peer-to-peer lending. Banks are cautioned against chasing hype without a clear strategic vision for where digital assets fit into their broader roadmap.

  • Speakers: Andre Chan (SCB TechX), Charu Sethi (Unique Network), and Varnika Goel (twimbit)
  • Use cases: financial inclusion, DeFi interfaces, NFT-based loyalty, and community-driven products
  • Format: session recording from the Bank of Tomorrow Asia Pacific Summit

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