Released during Digital Assets Week, Hong Kong 2025

This whitepaper presents forward-looking reference frameworks that demonstrate how financial institutions can leverage advanced technologies like tokenization on immutable ledgers combined with programmability to:

• ⁠Create more attractive and inclusive investment products through enhanced asset issuance, management, and increased liquidity in the secondary market
• Optimize capital utilization through efficient collateral mobilization, faster settlements, and 24x7 markets
• Improve both institutional and customer experience by streamlining complex international workflows, accelerating transactions, and reducing friction