Banks and financial regulators should facilitate the tokenization of the financial system, DBS CEO Piyush Gupta said during Consensus 2021. We’re now in a reality where financial institutions have to be technology firms first, said Piyush Gupta, the CEO of Singapore’s DBS Bank.
In the modern world, both central and commercial banks will be in charge of facilitating the transition to the financial infrastructure of the future, which will be digitized and tokenized, Gupta said in a pre-recorded speech at CoinDesk’s Consensus 2021 virtual conference.
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