The OMFIF Podcast A new generation of cash on-chain
Oct 20, 2025
Zha Wenting, a Senior Digital Transformation Specialist and Director of On-chain Finance at Huawei, dives into the world of on-chain cash. She explains the impact of CBDCs, stablecoins, and tokenized deposits on business and finance. Wenting discusses the potential for private stablecoins to facilitate wholesale transactions and outlines the necessary infrastructure for mass adoption. She also highlights new commercial models made possible by on-chain cash, showcasing Huawei's pivotal role in shaping this digital finance landscape.
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Programmable Central Bank Money
- CBDCs can embed programmability and smart contracts to automate conditional payments like rental deposits.
- This reduces fraud risk and enforces rules on money movement at settlement time.
Thailand–Singapore Cross‑Border Pilot
- A Thai bank pilot used tokenized deposits and a Singapore stablecoin to move cross-border payments on-chain.
- Settlement time fell from one-to-three days to minutes, cutting costs and idle-fund risk.
Tokenization Unlocks Liquidity
- Tokenizing real-world assets enables 24/7 trading and near-instant settlement for previously illiquid instruments.
- That increases liquidity and lowers settlement risk for funds and private credit.