Central banks play a crucial role in extending the trust and connectivity of their domestic financial ecosystem with other markets in this rapidly digital world. As businesses and SMEs increasingly venture cross border into new and emerging markets, they will need to have the support of a common digital trust and accessible foreign exchange to seamlessly connect with international parties.
An innovative way to build digital trust is through integrated Financial Trust Corridors (FTCs). FTCs not only build trust among financial institutions and businesses, but also sets forth a scalable digital ecosystem that allows for the sharing of common data, utilisation of smart digital assets and democratised access to foreign exchange.
In this roundtable, discussants will address the ways in which central banks can lead the development of common digital trust frameworks like FTC that empower local financial institutions and businesses, share about existing FTC work in Asia and Africa, how semi-fungible digital assets can accelerate development, and identify partnership constructs with banks, fintechs, foreign exchange solution providers and private sector entities towards a multilateral trust and FX ecosystems.
Insights Forum
Roundtable Room 1, Sands Expo & Convention Centre, Level 4
