At the World Economic Forum (
@wef) Annual Meeting of the New Champions in Dalian, our group president
@EvanAuyang joined Mu Changchun, director of the digital currency research institute of the PBOC (People's Bank of China), for a session on "Digital Money in a Divided World."
Two perspectives, one conclusion: CBDCs, tokenized deposits, and stablecoins aren't competing. They are individually specialized assets, and they are anticipated to co-exist.
The more pressing question is who the financial system still isn't reaching - the 1.4 billion adults without a bank account, and AI agents already moving value on-chain. Tokenized money isn't just a fintech story. It's about how the financial system extends itself to everyone.