By Sayuri Shirai
The global financial system is undergoing a profound transformation. Currently, Asia has established itself as the primary engine of this change. The region is leading the transition toward a new monetary order through advanced technologies. Key among these are Central Bank Digital Currencies (CBDCs), stablecoins, and asset tokenization.
In the first place, Japan recently reached a milestone by launching the world’s first yen-denominated stablecoin. This move ensures greater security thanks to a strict legal framework. On the other hand, Hong Kong acts as a strategic bridge between China and international markets. The city facilitates investment in green bonds and real estate through asset tokenization.
Similarly, Singapore stands out in this technological landscape. The country leads integration across Southeast Asia through instant payment interoperability. Its approach makes investment funds more accessible and efficient for all users.
Furthermore, one of the region’s greatest achievements is the improvement of retail payments. Thanks to Project Nexus, countries such as Thailand, Malaysia, and the Philippines aim to complete transfers in just 60 seconds. As a result, this advancement reduces the historical reliance on the US dollar.
Moreover, the new infrastructure promotes financial inclusion in emerging economies. This allows transactions to be settled directly in local currencies in a simple and efficient manner.
In conclusion, Sayuri Shirai’s analysis confirms that national competitiveness will depend on digital technology. Asia is not only adopting new tools but is also redefining global financial rules. Therefore, the ultimate goal is a faster, more inclusive model that benefits society as a whole.
Reference
Shirai, S. (2025). Asia leads the digital currency and payment revolution. Asia Pathways; Asian Development Bank Institute. https://www.asiapathways-adbi.org/2025/11/asia-leads-the-digital-currency-and-payment-revolution/