Tokenization and Treasury: Practical Opportunities in Liquidity, Settlement, and FX Flows

Tokenization is moving from pilot to production. At the Singapore FinTech Festival 2025, industry leaders from Temasek, Fireblocks, Deutsche Bundesbank, and ADDX sat down to dissect the real-world momentum behind tokenized money, stablecoins, and programmable finance.

From 24/7 liquidity and FX optimization to the rising role of TradFi in blockchain innovation, this panel explores what’s working now—and what’s holding tokenization back from truly scaling.

📍 Filmed live at the Singapore Fintech Festival 2025.

Topics Covered:
Stablecoin adoption and FX flows
Institutional traction and regulatory clarity
Tokenized deposits vs. stablecoins
Interoperability challenges
Infrastructure requirements for global scale

Panelists:
Burkhard Balz – Executive Board Member, Deutsche Bundesbank
Dan Sleep – Head of Business Solutions & Advisory, APAC, Fireblocks
Inmoo Hwang – Co-founder & Group Managing Director, ADDX

Timecodes

00:00 – Intro

01:16 – The 3 forces converging in 2025: Regulation, Adoption, Tech

03:26 – ADDX: Democratizing access to tokenized bonds

06:13 – Fireblocks: Real-time FX & cross-border liquidity with stablecoins

09:22 – TradFi leans in: JPMorgan, DBS, and tokenized deposits

11:22 – Stablecoins vs. tokenized deposits: what's scaling faster?

12:49 – The European view: CBDCs, stablecoins & tokenized money

20:05 – What could slow down tokenization?

23:07 – AI + blockchain: Revolutionizing capital & transparency

24:32 – The need for secure, interoperable global infrastructure

28:02 – Regional regulation: Fragmentation vs. harmonization

31:41 – What scales with finality: Stablecoins or deposit tokens?

Ready to build the future of finance? Learn how Fireblocks powers institutions through this shift: https://www.fireblocks.com/products/treasury-management