Standard Chartered Bank is actively laying out its blockchain finance strategy, believing it will replace the infrastructure of TradFi.

ChainCatcher news reports that Standard Chartered's Global Head of Corporate and Investment Banking, Greg Guyett, stated that distributed ledger and blockchain technology will eventually replace the infrastructure of traditional financial markets. Financial institutions that do not keep up with the times will face elimination. Standard Chartered is simultaneously laying out innovative financial services such as tokenized deposits, stablecoins, and Central Bank Digital Currency (CBDC) to enhance market competitiveness.