Standard Chartered CEO Bill Winters expects every transaction to one day run on blockchain, calling it a “complete rewiring” of global finance.
Standard Chartered is a British bank that operates around the world, including Hong Kong. The institution, designated as a Global Systemically Important Bank (G-SIB) by the Financial Stability Board (FSB), has been growing its presence in the digital assets space recently.
Stablecoins represent a prominent example of tokenization, acting as blockchain counterparts to fiat currencies. Standard Chartered is planning to launch an asset of this kind based on the Hong Kong Dollar (HKD).
The current tokenized assets may only be the beginning if the prediction from the bank’s CEO about all money eventually becoming digital is to go by. “Think about what that means: a complete rewiring of the financial system,” noted Winters.
Bitcoin has kicked off the new week with another retrace as its price is back down to the $107,500 mark. The chart below shows how the cryptocurrency’s trend has looked recently.
At this point last year, US Bitcoin spot ETFs registered around $22.5 billion in cumulative inflows. The same metric for 2025 is now sitting at $25.18 billion.
