Chengyi Ong is Director of Policy and Regulatory Strategy for APAC at Circle, where she focuses on advancing digital assets, payments, and programmable blockchain infrastructure across the region, supporting the development of a more open and global financial system. Previously, she led APAC public policy at Chainalysis and spent over a decade at the Monetary Authority of Singapore, working across financial regulation, supervision, industry development, and central banking.
Roundtable Room 1, Ground Floor
Open
The development of tokenized settlement assets plays a key role in enhancing liquidity and improving settlement efficiency in financial services. Yet the diversity of settlement assets – regulated stablecoins, tokenized deposits, tokenized central bank reserves – could introduce fragmentation and substitution risk if token interoperability, yield and incentive mechanisms, and financial stability considerations are not well addressed.
This roundtable brings together the financial industry and policymakers to address the multi-faceted considerations for tokenized settlement assets, ensuring they are fit-for-purpose across banking, capital markets, and wholesale payments.