SFC Chief Urges Financial Institutions to Adopt Blockchain or Risk Obsolescence
Hong Kong's Securities and Futures Commission CEO Julia Leung issued a stark warning to traditional financial players: adapt to blockchain technology or face irrelevance. Speaking at the ASIFMA EU-Asia Financial Services Dialogue, Leung emphasized that incremental improvements won't satisfy digitally-native investors demanding 24/7 markets with instant execution.
"Distributed ledger technology isn't just about survival—it's the key to thriving in tomorrow's financial ecosystem," Leung stated, highlighting tokenization's programmability as a game-changer for clearing, settlement, and product innovation. The comments signal growing institutional recognition that blockchain infrastructure must evolve beyond T+1 settlements to meet generational shifts in investor behavior.
