Temasek's Managing Director: Traditional payment infrastructure can achieve interoperability with crypto infrastructure.

BlockBeats reported on September 14th that Pradyumna Agrawal, Managing Director of Temasek, spoke at the "Institutionalization of Digital Assets" panel at Token2049 in Singapore and stated: "Starting next quarter, Singapore will be able to conduct global fund flows in real-time in US dollars. This is not tokenizing funds, but creating new digital payment infrastructure that enables real-time, 24/7 fund flows. It also allows funds to become programmable. For example, you have a group of programmers, you can do quality checks, code can be released. Why can't you write some code to enable funds to be automatically transferred to these programmers? So, if you think about broad-based micro-payments, these are huge applications that are not possible in today's payment infrastructure. So, I think that's a concrete example. It's very different from the crypto infrastructure, but it can interoperate with the crypto infrastructure. This is already happening, and many companies, including those we support, are doing this. The more challenging part is the capital market because it involves the entire value chain from issuer to custodian to distributor. You really need to work closely with this value chain to find potential opportunities. Then, how do you truly digitize some of the contents and be able to redeem all of it? At least for me, it is unclear whether the benefits of tokenization have been proven. Does tokenization really enhance the game? Equity is an obvious example. It doesn't solve the problem and there have been many failed cases in this context."