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asia-pacific

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first_img Visa Survey: Nearly half of Asia-Pacific consumers may use stablecoins within five years

A survey released by Visa shows that consumer interest in stablecoins is rising in the Asia-Pacific region. The survey covered 14,250 respondents, of which 46% indicated they might use stablecoins in the next five years, while the actual usage rate in the past 12 months was 16%. About 49% of respondents believe that stablecoins are likely to become a common method for cross-border transfers within five years. Nischint Sanghavi, Visa's head of digital currency for the Asia-Pacific region, stated that consumer perceptions of stablecoins are undergoing a significant shift.The cognitive gap remains significant. Visa stated that only 6% of respondents accurately understand how stablecoins work, and 49% of those who are aware of stablecoins believe they can only be used for buying and selling cryptocurrencies. Among respondents who are aware of stablecoins but have not yet used them, concerns about fraud and scams are the most frequently mentioned barriers. There are approximately 2.5 billion middle-class consumers in the Asia-Pacific region, with nearly half open to using cryptocurrencies pegged to fiat currencies.Visa has expanded its stablecoin settlement network and is seeking to support more tokens and blockchains. Its partner Reap is preparing a local currency stablecoin for 24/7 foreign exchange settlements in Asia and other markets, which may include tokens for the Hong Kong dollar, South Korean won, and Japanese yen. Asia currently leads the world in stablecoin capital flows and on-chain activity, with payment companies driving the conversion of related demand into everyday payment products.

MoonPay establishes a subsidiary in South Korea to collaborate with three major banks to enter the Asia-Pacific region, CEA Industries is renamed BNB Standard to focus on treasury strategy

According to BBX data, yesterday global publicly listed companies in the US stock market and well-known Web3 infrastructure providers disclosed the latest developments on expansion in the Asia-Pacific hub, institutional collaborations, and brand strategy restructuring. The core information is as follows:MoonPay established a subsidiary in South Korea as the Asia-Pacific hub, partnering with KakaoBank, Woori Bank, and KB Financial Group: Global cryptocurrency payment infrastructure giant MoonPay officially announced the establishment of a wholly-owned subsidiary in South Korea, planning to make it a comprehensive expansion center for the group in the Asia-Pacific region. At the same time, MoonPay has reached deep strategic cooperation with South Korea's three major mainstream financial institutions—KakaoBank, Woori Bank, and KB Financial Group. The scope of cooperation includes cross-border payment clearing, localization distribution of the Korean won stablecoin, digital wallet technology integration, and the establishment of compliant cryptocurrency fiat withdrawal and recharge channels, aiming to build a high-speed network for the flow of funds between South Korea and the global Web3.CEA Industries officially renamed to "BNB Standard," Nasdaq trading code changed to "BNC": Nasdaq-listed company CEA Industries, focusing on BNB reserve strategies, announced the completion of its brand transformation and strategic renaming, with the company name officially changed to BNB Standard. After the renaming, the company's common stock will continue to be traded on the Nasdaq Capital Market, and the securities trading code will be officially changed to "BNC." This renaming aims to directly highlight its strategic positioning of using BNB as a core treasury asset and promoting decentralized ecological investment.

first_img HK Web3 Feastival Roundtable: The "RWA Moment" in Asia-Pacific: Hong Kong vs Singapore

ChainCatcher reported live that Celine Tan, Head of Liquidity Distribution at BNY Mellon Investment Management Hong Kong Limited, Kelly Sohn, Head of Digital Asset Strategy at Mirae Asset Securities (HK) Limited, Victor Jung, Head of Digital Assets at Hamilton Lane, and Xu Ping, Managing Director of Global Investment Banking at JPMorgan, attended the HK Web3 Feastival roundtable to share "The RWA Moment in Asia-Pacific: Hong Kong vs Singapore."The attendees generally believe that RWA is currently transitioning from proof of concept to broader implementation, driven mainly by the gradual maturity of technology, increasingly clear regulatory frameworks, and the rising market demand for stable, yield-generating asset allocations.Kelly Sohn stated that this round of RWA warming is different from the past, not driven by a single factor, but rather the result of the combined effects of technology, regulation, and capital flow. She also pointed out that the assets currently more suitable for tokenization include standardized products such as money market funds and commodities, and the combination of stablecoins and tokenized assets will further enhance on-chain transaction and settlement efficiency.Xu Ping mentioned that Singapore has become more cautious overall after the FTX incident, with a greater focus on institutional investors; in contrast, Hong Kong has advantages in retail access, licensing systems, and market innovation inclusiveness, making it more attractive to exchanges, stablecoin issuers, and custodians. She also noted that banks will play a key role in infrastructure, custody, and payment settlement within the RWA ecosystem.Victor Jung indicated that the market has previously focused too much on the institutional narrative, but the retail side is also an important source of demand for tokenization. He summarized the current demand into two categories: one is to obtain more yield through on-chain solutions, and the other is to reduce costs by improving efficiency. In his view, the industry driving force has gradually shifted from early technology supply to being driven by real investor demand.The roundtable discussion also mentioned that for RWA to further expand its application in the next phase, it still needs to address issues such as regulatory clarity, institutional infrastructure readiness, and investor education, as these factors remain key variables affecting the further development of the market.
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