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Search results for Boston Consulting Group

Crypto

Changpeng Zhao urges 24-hour trading for tokenised stocks, calls on governments to issue stablecoins

Changpeng Zhao (창펑 자오), founder of Binance, urged governments to move stock markets and currencies onto blockchain networks. He said tokenising shares and issuing stablecoins linked to domestic currencies could reshape the financial system as traditional finance moves on-chain. Zhao said tokenised stocks could allow 24-hour trading, fractional investment and faster settlement. He also argued domestic-currency stablecoins could help preserve monetary sovereignty as digital payments expand.

Finance

Airwallex appoints Kwon Yoon-a to lead SME business in South Korea

Airwallex said on Tuesday it had appointed Kwon Yoon-a as head of its small and medium-sized enterprise business in South Korea. She will lead overall operations in the market, including building strategic partnerships with domestic financial institutions, strengthening communication with industry contacts and key media, and expanding support for local clients. Airwallex said it secured payment gateway and prepaid payment instrument licences in South Korea earlier this year through a strategic acquisition.

Finance

IBM says financial order to change by 2030 as tokenised assets, stablecoins and CBDCs move into mainstream

Tokenised assets, stablecoins and central bank digital currencies are expected to move beyond testing and become core infrastructure for payments and capital markets by 2030, a report cited in South Korean media said. The shift could disrupt banks\' revenue structures and customer touchpoints. IBM outlined scenarios involving CBDCs replacing retail payments, stablecoins dominating cross-border payments, and tokenised securities reshaping capital market infrastructure, while highlighting cybersecurity and regulatory challenges.