Naveen Mallela is the global head of the Coin Systems team at Onyx by J.P. Morgan, which focuses on building innovative payment products and infrastructure based on digital currencies and blockchain technology. Most recently Naveen led the pilot launch of Tokenized Deposits for J.P. Morgan as part of Project Guardian – a flagship industry initiative anchored by Monetary Authority of Singapore (MAS). He was previously the chief designer and product lead for JPM Coin, which is a cornerstone product offering of Coin Systems. Prior to his current role, Naveen was the Digital Payments lead for JPMorgan’s Corporate and Investment Bank in the Asia Pacific region and as part of his role he spearheaded the co-founding of Partior, a Singapore based technology company seeking to provide a first of its kind multibank ledger solution for payments clearing and settlement. Prior to joining J.P. Morgan , Naveen was a technology strategy and transformation consultant for a global consulting firm, providing advisory and transformation services to global banks across Japan, U.K. and Singapore. Naveen is also a certified Chartered Financial Analyst from the CFA Institute, and holds an MBA from Indian Institute of Management Bangalore (IIMB).
Roundtable 4
Invite-Only
Tokenisation of financial and real economy assets is estimated to accelerate the pace of digitalisation and impact the broader economy beyond financial services. Despite good progress in asset tokenisation experimentations and pilots, the lack of FMI compliant digital infrastructure which financial institutions can use to execute digital asset transactions prevents financial institutions’ ability to deploy digital assets at scale.
This roundtable discusses the importance for multilateral platforms to be powered by open and interoperable networks amongst global banks and regulators. Moderated by Tommaso Mancini-Griffoli, Division Chief in the Monetary and Capital Markets Department at the International Monetary Fund and Alan Lim, Head of the FinTech Infrastructure Office at the MAS.
Roundtable 4
Invite-Only
Disparate regulatory and policy frameworks are some of the biggest obstacles to smooth cross-border payments. They expand the regulatory compliance burden across teh payment chain, increase the time for cross-border transactions, and introduce potential uncertainties among stakeholders.
In this roundtable, central bankers, industry experts and thought leaders from academia and the private sector are invited to advance the discussion on priority actions for achieving the G20 targets for enhancing cross-border payments in promoting an efficient legal, regulatory, and supervisory environment for cross-border payments while maintaining their safety, security, and integrity.
The first part of the roundtable will focus on expanding insights around existing challenges surrounding compliance in cross-border payments, policy, and regulatory interoperability. Meanwhile, the second part will explore the role of technology and standards, and their potential to improve policy and regulatory compliance outcomes for all stakeholders.
Hall 3, Singapore EXPO
Open
Central banks around the world have now spent several years exploring the application of CBDCs, while the private sector has been steadily progressing on digital asset issuance and tokenisation. On the other hand, these instruments aren’t yet close to achieving scale, and the options for tokenised money have only proliferated, now including an even greater plethora of options: tokenised reserves, synthetic CBDCs, and tokenised money market funds. Are we any closer to being able to discern the future for tokenised money in different parts of the world?
The Festival
Global Platforms
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