In this episode, Bill Winters, CEO of Standard Chartered Bank, and Nick Philpott, Co-Founder of Zodia Markets, explore the evolution of digital assets. They discuss the collaborative efforts between banks and FinTechs in driving innovation within traditional finance (TradFi), shedding light on the role of stablecoins in financial markets. The conversation also explores the intriguing…
In this episode, Bill Winters, CEO of Standard Chartered Bank, and Nick Philpott, Co-Founder of Zodia Markets, explore the evolution of digital assets. They discuss the collaborative efforts between banks and FinTechs in driving innovation within traditional finance (TradFi), shedding light on the role of stablecoins in financial markets. The conversation also explores the intriguing parallels between digital assets and the early derivatives market, offering valuable insight into their development and the characteristics contributors need to survive. Finally, Bill and Nick conclude with reflections on the opportunities and challenges in digital asset development and their impact on the global financial landscape.
00:59 Bill Winters and his professional journey.
01.37 Navigating the digital asset revolution in banking.
05:57 Understanding the role of stablecoins in the financial system, their adoption, and reserve management.
12:57 Fintech partnerships: the future of banking.
14:15 Viewing digital assets as akin to an emerging market.
18:45 Exploring digital assets and the early derivatives markets.
24:55 Insight into Standard Chartered’s platforms for innovation.
30:04 The intersection of digital assets with the global financial infrastructure.
33:21 Closing reflections: Bill and Nick summarise the opportunities and promising future of digital asset growth.
This story covers three topics. First, as markets evolve, they often see a wave of new entrants who are subject to lower regulatory requirements than the incumbents, sometimes known as ‘regulatory arbitrage’.
Cryptoasset markets are often thought of as innovative, which is true in some cases, but not all. Slow processes and regulation can certainly be frustrating, but market participants should always be careful to not be blinded by neophilia, or a love of novelty.
The Ethereum merge, completed in September, transitioned the blockchain’s consensus mechanism from an energy-intensive proof-of-work (POW) to a proof-of-stake (POS) protocol. This has reduced energy consumption by more than 99.9%.1
Zodia Markets is proud to announce its signing of the Armed Forces Covenant, demonstrating its commitment to treat fairly those who serve, or have served in the military, and their families, and emphasising the company’s dedication to fulfilling its social responsibilities.
The Securities and Exchange Commission is expected to follow the strategy employed in approving spot bitcoin exchange-traded funds for spot Ethereum ETFs, starting with rejections and ultimately granting approval on the initial final deadline on May 23, according to Standard Chartered Bank.
Alex Pugh explores how blockchain is shaking up the post-trade process
Borderless by design, these modern digital tokens can make cross-border commerce much cheaper and easier.
