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HSCLifeRules# - Don Ng, Director, Digital Assets at China Asset Management, HSC Asset Management Singapore, October 8
I believe the next big thing is still digital money market funds and other short-duration fixed income products. Accepting these assets as collateral and relying on blockchain gives people a much quicker, easier way to borrow and lend
The payment rail also opens up opportunities for corporate treasury management. A corporate in Singapore probably wouldn't subscribe to a higher-yielding money market fund in Hong Kong, because a SWIFT payment takes at least one to two days. With a stablecoin payment rail they can get the money across within minutes
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HSCSingapore#