Convergence between traditional finance and crypto native players ramps up

DLT’s potential to drive transaction efficiency is more widely acknowledged, while some crypto native players are looking to tap into traditional financial products; however, Apac’s regulatory framework is fragmented.
January 21, 2025

At a January 15 press conference, Zhang Dayong, chief commercial officer at Hashkey Group, predicted that 2025 will be the year when the crypto native community and traditional financial services converge, including in Asia Pacific Apac.

The operator of Hashkey Exchange, one of the licensed virtual asset exchanges in Hong Kong, revealed several upcoming trends anticipated by the crypto community, including the potential for Bitcoin’s value to surge beyond $300,000, from around $100,000 at the time of writing, and the Trump administration’s welcoming attitude towards the crypto community.

Also among the trends were an increasing market capitalisation of US dollar-pegged stablecoins, the development of central bank...

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