

{"id":5119,"date":"2024-03-26T08:56:51","date_gmt":"2024-03-26T01:56:51","guid":{"rendered":"https:\/\/hva.group\/?p=5119"},"modified":"2024-08-05T17:04:31","modified_gmt":"2024-08-05T10:04:31","slug":"research-on-the-new-financial-transformation","status":"publish","type":"post","link":"https:\/\/hva.group\/en\/research-on-the-new-financial-transformation\/","title":{"rendered":"RESEARCHING THE NEW FINANCIAL TRANSFORMATION CONVERGENCE"},"content":{"rendered":"<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi.webp\" alt=\"\" class=\"wp-image-7685\" srcset=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi.webp 1024w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-300x200.webp 300w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-768x512.webp 768w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-18x12.webp 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Currently, financial services must go through licensed institutions that act as intermediaries to ensure transactions are carried out. But with the rapid development of technology and real life, this is a bottleneck. <\/p>\n\n\n\n<p>Reliance on intermediaries can lead to transactions that are time-consuming, costly, and lack transparency. Reliance on these institutions can make access to financial services difficult, as billions of people in the underbanked population remain unbanked. <\/p>\n\n\n\n<p>The convergence of Real World Assets (RWA), blockchain technology, decentralized finance (DeFi) and traditional finance (TraFi) has significantly evolved the global financial business environment.<\/p>\n\n\n\n<p>Decentralized Finance (DeFi) has reduced dependence on intermediary institutions, democratizing access to financial services. <\/p>\n\n\n\n<p>DeFi leverages blockchain technology, with its immutable public ledger, distributed software applications, cryptocurrencies, digital assets, and smart contracts that have enabled people to use financial services without the need for financial institutions as intermediaries.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img decoding=\"async\" width=\"768\" height=\"428\" src=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-1.webp\" alt=\"\" class=\"wp-image-7686\" srcset=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-1.webp 768w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-1-300x167.webp 300w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-1-18x10.webp 18w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><figcaption class=\"wp-element-caption\"><em>Source: wwwdigift.sg<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"has-text-align-center has-small-font-size\"><\/p>\n\n\n\n<p>Real World Assets (RWA) include real estate, commodities, machinery, intellectual property, securities and unmarketed financial instruments. <\/p>\n\n\n\n<p>By tokenizing these illiquid assets, investors with small capital can transparently access high-value assets that were previously out of reach. Additionally, these assets are traded on digital exchanges, opening up new avenues for cross-border access and investment.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Challenges for regulators<\/h2>\n\n\n\n<p>Many financial regulators around the world are also actively involved in developing regulatory frameworks specifically designed to govern decentralized finance (DeFi) and the tokenization of real-world assets (RWAs). <\/p>\n\n\n\n<p>These frameworks are carefully designed to address a range of concerns and consider relevant issues, focusing primarily on investor protection, implementing secure custody solutions, enforcing strict compliance measures and protecting the integrity of financial markets in general.<\/p>\n\n\n\n<p>To achieve these goals, financial regulators are working closely with stakeholders, conducting risk assessments and leveraging innovative technologies to develop standards and regulations that adapt to the dynamic nature of digital assets. <\/p>\n\n\n\n<p>The main tasks include issuing regulations, establishing clear rules and guidelines for services related to decentralized finance DeFi, issuance, custody and trading of security tokens. <\/p>\n\n\n\n<p>define stakeholder responsibilities, set strict compliance requirements to minimize fraud and illegal activities, and implement strong monitoring and enforcement mechanisms to maintain market integrity and investor confidence. <\/p>\n\n\n\n<p>In addition, regulators are actively engaging in dialogue with industry stakeholders, seeking feedback and recommendations to ensure that regulatory frameworks strike the right balance between promoting innovation and measuring potential risks.<\/p>\n\n\n\n<p>Institutional investors, including pension funds, asset managers, and hedge funds, are increasingly recognizing the potential benefits of DeFi decentralized financial services as well as tokenizing real assets RWA as a strategic tool to optimize their portfolios for private investments that they do not want to publicize. <\/p>\n\n\n\n<p>Additionally, adopting RWA tokens with DeFi can streamline payment processes, reduce transaction costs, and improve operational efficiency for institutional investors.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Opportunities and trends<\/strong><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>To gain a competitive advantage over their rivals, traditional financial institutions (TraFi) are developing their own or partnering with technology partners to embrace innovation and leverage emerging technologies in projects such as:<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. <strong>Integrating Blockchain Technology into Traditional Finance<\/strong><\/h3>\n\n\n\n<p>Financial institutions, especially the TraFi platform, are strategically integrating blockchain technology into their operations to optimize processes, streamline workflows, and improve overall efficiency in traditional financial systems. <\/p>\n\n\n\n<p>Upgrading to TraFi + DeFi, they reduce administrative procedures, eliminate redundant intermediaries, and automate cumbersome tasks. This approach not only reduces operating costs but also improves transparency and data integrity.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-2.webp\" alt=\"\" class=\"wp-image-7687\" srcset=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-2.webp 1024w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-2-300x200.webp 300w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-2-768x512.webp 768w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-2-18x12.webp 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. <strong>Facilitating cross-border payments<\/strong><\/h3>\n\n\n\n<p>TraFi solutions are leveraging blockchain networks to revolutionize cross-border payments, remittances and trade finance, providing faster, more cost-effective and more accessible financial services to individuals and businesses around the world. <\/p>\n\n\n\n<p>By harnessing the decentralized architecture and data integrity features of blockchain, the TraFi + DeFi platform enables seamless and near-instant settlement of cross-border transactions, avoiding the inefficiencies of traditional methods.<\/p>\n\n\n\n<p>This transformative approach improves the speed and affordability of cross-border payments, while expanding financial inclusion by providing vulnerable people with reliable and affordable money transfer services. <\/p>\n\n\n\n<p>Furthermore, TraFi + DeFi solutions empower businesses involved in international trade to streamline payment processes, mitigate currency exchange rate risks, and optimize working capital management, driving global economic growth and prosperity.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-3.webp\" alt=\"\" class=\"wp-image-7689\" srcset=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-3.webp 1024w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-3-300x200.webp 300w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-3-768x512.webp 768w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-3-18x12.webp 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. Tokenize real assets RWA to create liquidity and mobilize development capital<\/strong><\/h3>\n\n\n\n<p>Tokenizing real-world assets RWA into digitally traded securities is a major step forward in digitization and adoption of blockchain technology in the financial sector. <\/p>\n\n\n\n<p>Applying blockchain technology and smart contracts, cutting out intermediaries, using algorithms to ensure security, effectively preventing counterfeiting to carry out the issuance, management and trading of tokens reduces the cost of issuing securities, increases liquidity, thereby promoting the growth of market value in general. <\/p>\n\n\n\n<p>This process will completely revolutionize the way physical assets are managed and traded, bringing many benefits and opportunities to businesses and investors.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"666\" src=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-4.webp\" alt=\"\" class=\"wp-image-7688\" srcset=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-4.webp 1024w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-4-300x195.webp 300w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-4-768x500.webp 768w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-4-18x12.webp 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. <strong>Synthetic Assets Development<\/strong><\/h3>\n\n\n\n<p>Integrated Assets play a pivotal role in expanding the derivatives market. The platform provides investors with access to diverse investment opportunities and risk management tools, enhances market liquidity and efficiency, and fosters innovation and accessibility in the derivatives space. <\/p>\n\n\n\n<p>Integrated assets serve as a powerful tool for risk management, allowing investors to implement various strategies such as hedging, speculation, and portfolio diversification.<\/p>\n\n\n\n<p>DeFi derivatives derived from an underlying value, such as stocks, currencies, bonds etc. can be created using smart contracts.<\/p>\n\n\n\n<p>Together with the smart contract automated market maker (AMM) algorithm and liquidity pool, this integrated asset increases trading volume, ensures the efficient operation of the DeFi platform and increases passive income for investors who put tokens into liquidity pools.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-5.webp\" alt=\"\" class=\"wp-image-7690\" srcset=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-5.webp 1024w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-5-300x200.webp 300w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-5-768x512.webp 768w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-5-18x12.webp 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5. <strong>Emphasis on regulatory compliance<\/strong><\/h3>\n\n\n\n<p>Stakeholders must invest efforts to closely monitor and regulate the market to ensure transparency, fairness and stability, while addressing concerns related to leverage, counterparty risk and systemic risk.<\/p>\n\n\n\n<p>Aims to promote market integrity, enhance trust and confidence among investors and stakeholders, and strike a balance between innovation and investor protection.<\/p>\n\n\n\n<p>TraFi + DeFi platforms both prioritize compliance with strict anti-money laundering (AML), know your customer (KYC) and other regulatory requirements to maintain the integrity of the financial markets. <\/p>\n\n\n\n<p>By implementing robust compliance measures and deploying sophisticated identity verification protocols, platforms mitigate financial crime risks, protect against fraudulent activities, and foster trust and confidence among regulators, financial institutions, and end users. <\/p>\n\n\n\n<p>Through their unwavering commitment to regulatory compliance, these platforms further strengthen the legitimacy and credibility of blockchain-based financial services, paving the way for wider adoption and acceptance in the financial ecosystem.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-5webp.webp\" alt=\"\" class=\"wp-image-7691\" srcset=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-5webp.webp 1024w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-5webp-300x200.webp 300w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-5webp-768x512.webp 768w, https:\/\/hva.group\/wp-content\/uploads\/2024\/08\/nghiem-cuu-viec-hoi-tu-chuyen-doi-tai-chinh-moi-5webp-18x12.webp 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The challenges<\/strong><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Despite rapid growth and innovation, DeFi + TraFi developments both face regulatory challenges related to investor protection, market manipulation, smart contract security, and compliance with existing financial regulations. <\/p>\n\n\n\n<p>Regulators must step up to learn and regulate this dynamic landscape to ensure consumer safety, market integrity, and system stability. An effective regulatory framework is essential to mitigate risks, promote transparency, and foster responsible innovation in the DeFi + TraFi ecosystem.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclude<\/strong><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>The convergence of real-world assets (RWAs), blockchain technology, decentralized finance (DeFi), and traditional finance (TraFi) holds enormous transformative potential for the future of finance. <\/p>\n\n\n\n<p>While these trends present great opportunities for innovation and growth, they also present regulatory and operational challenges that require proactive collaboration from stakeholders, regulators and policymakers. <\/p>\n\n\n\n<p>The intersection of RWA, blockchain, DeFi, and TraFi marks a shift in the global financial system, presenting unprecedented opportunities to enhance liquidity, efficiency, and accessibility.<\/p>\n\n\n\n<p>However, it also poses huge challenges related to regulatory compliance, investor protection and technological advancement due to this convergence and working together to promote a safe, transparent and inclusive financial ecosystem must be a priority for all stakeholders. <\/p>\n\n\n\n<p>Through collective action and cooperation, stakeholders can harness the full potential of this convergence and build a fairer and more resilient financial system for the future, effectively navigating the complexities of the digital economy and leveraging its potential to drive sustainable growth.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-group is-vertical is-content-justification-right is-layout-flex wp-container-core-group-is-layout-c0d519fa wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"500\" src=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/05\/Bach-3.png\" alt=\"\" class=\"wp-image-5868\" style=\"width:150px\" srcset=\"https:\/\/hva.group\/wp-content\/uploads\/2024\/05\/Bach-3.png 500w, https:\/\/hva.group\/wp-content\/uploads\/2024\/05\/Bach-3-300x300.png 300w, https:\/\/hva.group\/wp-content\/uploads\/2024\/05\/Bach-3-150x150.png 150w, https:\/\/hva.group\/wp-content\/uploads\/2024\/05\/Bach-3-12x12.png 12w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/figure>\n\n\n\n<p><strong><em><strong><em>Mr. Luu Tuong Bach<\/em><\/strong> <\/em><\/strong><\/p>\n\n\n\n<p><strong><em><strong><em>Chairman of Audit Committee &amp; Member of Board of Directors<\/em> <\/strong><\/em><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-right\"><em><strong>HVA Investment Joint Stock Company<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Currently, financial services must go through licensed institutions that act as intermediaries to ensure transactions are carried out. But with the rapid development of technology and the reality of life, this is a bottleneck. The dependence on [\u2026]<\/p>","protected":false},"author":12,"featured_media":7685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"T\u00e0i ch\u00ednh","_yoast_wpseo_title":"NGHI\u00caM C\u1ee8U VI\u1ec6C H\u1ed8I T\u1ee4 CHUY\u1ec2N \u0110\u1ed4I T\u00c0I CH\u00cdNH M\u1edaI","_yoast_wpseo_metadesc":"Hi\u1ec7n t\u1ea1i, c\u00e1c d\u1ecbch v\u1ee5 t\u00e0i ch\u00ednh ph\u1ea3i th\u00f4ng qua c\u00e1c \u0111\u1ecbnh ch\u1ebf \u0111\u01b0\u1ee3c c\u1ea5p ph\u00e9p \u0111\u00f3ng vai tr\u00f2 trung gian \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o th\u1ef1c hi\u1ec7n c\u00e1c giao d\u1ecbch.","footnotes":""},"categories":[50],"tags":[16,15],"class_list":["post-5119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-goc-chuyen-gia","tag-kinh-te","tag-tai-chinh"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.2 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