Tokenization and Emerging Market Growth

One month ago in Singapore, we successfully securitized and tokenized a portfolio of trade receivables using blockchain technology. This helps prevent fraud in trade finance. We had seven investors in the pilot and are creating a secondary market for the tokens. Our goal is to have a scalable platform that revolutionizes internet capital markets. As a 170-year-old franchise, we embrace innovation and technology to improve banking for our customers. We have numerous FinTech partners to make life easier for the end user, ultimately driving our profitability.