Global Financial System Enters Digital Era as Standard Chartered Backs Blockchain

Traditional banking is undergoing a seismic shift as Standard Chartered, a $900 billion global financial institution, publicly endorses blockchain technology as the future foundation of finance. CEO Bill Winters declares "all transactions will settle on blockchains eventually and all money will be digital"—a statement that reverberates across institutional finance circles.

The banking giant's stance validates what crypto-native firms have championed for years: tokenized assets, CBDCs, and instant blockchain settlement are becoming the new infrastructure for global markets. This institutional adoption marks a pivotal moment in financial history—the "complete rewiring" Winters describes—where legacy systems give way to decentralized networks.

Standard Chartered's MOVE signals broader market recognition that blockchain isn't merely a disruptive force, but the inevitable architecture for next-generation finance. The transition from theoretical potential to institutional reality accelerates as traditional finance's gatekeepers acknowledge the technology's transformative power.