TechFlow news, December 3: According to the Sing Tao Daily, Standard Chartered's Global Head of Commercial Platforms for Corporate and Investment Banking, Guy de Fontenay, said that distributed ledger and blockchain technology will eventually replace traditional financial market infrastructure, and financial institutions that fail to keep pace with the times will face elimination. Standard Chartered is simultaneously advancing innovative financial services such as tokenized deposits, stablecoins, and central bank digital currencies (CBDCs) to enhance its market competitiveness.
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