SmartCon 2024 featured presentations from more than 100 blockchain industry pioneers and financial leaders, who gathered to highlight the convergence of TradFi and DeFi into a more efficient global financial system. To delve deeper into the most groundbreaking topics from this year’s event, Nasdaq TradeTalks host Jill Malandrino interviewed some of the most influential speakers on-site at Hong Kong’s Kerry Hotel.
Eddie Lau is CEO of Arta Global Markets, a wholly owned subsidiary of Hong Kong-based financial services institution, Arta TechFin (ARTA), whose strategic collaboration with Chainlink Labs is unlocking new onchain solutions through Chainlink’s oracle services. He sat down with Malandrino to discuss the key benefits blockchain offers TradFi in Hong Kong and around the world.
Lau emphasized the superior transparency of tokenized financial instruments.
“The use of blockchain or the use of tokens makes information available to everyone; you can decentralize it; you can actually see a lot more information.”
Democratizing access to data is particularly important for trade finance.
“If you want to go for high-return hedge funds and you want daily equities, you want to know what they trade – you want to make sure that they can deliver you the returns,” he said.
As the standard for onchain finance, Chainlink has enabled over $18 trillion in transaction value and provides essential infrastructure for creating and securing tokenized real-world assets and stablecoins. ARTA is leveraging Chainlink’s full suite of oracle services to build solutions for stablecoin and real estate token issuance while creating tokenized products and services for asset owners and regulated financial institutions.
Lau underscored Hong Kong’s position as a leader in web3 with innovative policies facilitating new use cases that could ultimately scale onchain finance to billions of global users.
“You have the infrastructure in Hong Kong. You have the standard in Hong Kong. Now it’s a matter of converting part of the services, if not all of them, into blockchain-based systems.”
Watch Jill Malandrino’s full interview with Eddie Lau.