Digital Assets in Capital Markets
What a Banker Needs to Know
IBF Funding Available | 8 CPD Hours
31 May 2023
A digital asset is one that is created on a blockchain / DLT network. Digital assets are everywhere. As a banker, one needs to know how they are created, traded, and invested in. This course focuses on regulated digital assets like bonds, central bank digital currencies, etc.
This course is designed for bankers to understand the key terms and key technologies that form the foundations of the new digital asset world. There are no pre-requisites for the course. The first half of the course will explain foundational matters, while the second half will focus on detailed case studies to cement the participants’ understanding.
Course Modules
- Introduction to Blockchain Technology For Capital Markets
- Web 3.0 and the evolution of capital markets
- What blockchain is (and what it is not)
- Brief history of blockchain its importance
- Building blocks of blockchain
- Smart contracts
- Blockchain/DLT in Secondary Markets
- Introduction to decentralised exchanges
- Trading on decentralised exchanges
- Depository and custody in the age of digital assets
- Central Bank Digital Currency (CBDC)
- What is Central Bank Digital Currency
- CBDC infrastructures and models
- Benefits and Limitations of CBDC
- Implications on financial markets
- Tokenisation of Securities & The Alchemy of Atomic Settlement
- Introduction to settlement cycles
- Introduction to atomic settlements
- Barriers to atomic settlements
- Conditions for true atomic settlement
- Fractionalisation Using DLT
- Primary Issuance on Blockchain
- Regulating Digital Assets
- Case Studies
This section provides a fundamental understanding on what blockchain is and how it is applied in the capital markets.
This section explores the uses of DLT in secondary markets and introduces the concept of decentralised exchanges.
Participants will learn about what a central bank digital currency is and how it works.
This section focuses on tokenisation of securities and the concept of atomic settlement and its benefits.
Participants will explore how fractionalisation of securities can be achieved using DLT and the benefits to
fractionalisation.
Participants will explore how primary issuance of securities can be achieved on blockchain and the advantages over the
traditional issuance process.
This section looks at the regulatory impact of digital assets on the capital markets, such as the Know-Your-Customer
(KYC) process and the regulatory challenges.
This section will cover case studies on CBDCs, fractional bonds and primary issuance.
Course Instructors
Dr. Rahul Banerjee
Co-Founder & CEO
Rahul is a DCM-banker with 20 years of experience, including stints at global premier banks such as Credit Suisse, Nomura and Citi. In his previous role, he was the Global Head of International Corporates, Financial Market Sales at Standard Chartered Bank, where his team was based across all the major dealing rooms and covered the Fixed Income needs of large corporate clients.
George Thomas
Director – Fixed Income, BondEvalue
George has garnered a decade of experience in Fixed Income Markets having previously worked at Credit Suisse. He used to work on the Asian Local Currency Fixed Income Trading desk for over four years primarily focussing on India Offshore and South East Asian markets. His experience includes trading onshore and offshore FX, Swaps, Bonds and Futures in these markets. Prior to that he was in Fixed Income Front Office Technology at Credit Suisse for over 5 years where he worked on Trading Books and Market Pricers built on Excel and C# technologies. George has a Major degree in Computer Engineering and a Minor degree in Finance from the National University of Singapore.
Rajeev Tummala
Director – Digital & Data, Markets & Securities Services, HSBC
Rajeev has over 22 years of experience in driving transformation and innovation in post trade products and services. At HSBC, he has been primarily involved in developing the capability to service Digital Assets and is engaged with Clients and Financial Market infrastructure providers to create solutions for custody, issuance and asset servicing for digital assets and tokenizing traditional assets. Prior to that Rajeev spent 10 years at Bank of America Merrill Lynch in various leadership positions in Global Markets Technology and Securities Operations transformation teams in Asia. Rajeev holds an MBA from Booth School of Business, University of Chicago and a Bachelor of Engineering from BITS Pilani in India.
Who Should Attend?
Teaching Style
A balanced mix of theory & practice where each concept is explained with real-world examples from the current capital markets.
Learning Objectives
- Understand what is blockchain / distributed ledger technology (DLT) and why it is important in capital markets
- Understand the opportunities of digital assets in capital markets
- Understand what are central bank digital currencies and their implications on capital markets
- Understanding conditions and barriers to atomic settlements
- Understanding regulatory implications and challenges
Fees, Dates & Venue
Fees & Funding
SGD 1,000 before funding and GST
IBF-STS Recognized
50/70% IBF funding available to Singaporeans and PRs
| Date | Day | Time Zone | Time |
|---|---|---|---|
| 31 May 2023 | Wednesday | Asia/UK | 9am to 5pm SG/HK |
| 27 July 2023 | Thursday | Asia/UK | 9am to 5pm SG/HK |
| 29 September 2023 | Friday | Asia/UK | 9am to 5pm SG/HK |
- Introduction to Blockchain Technology For Capital Markets
- Web 3.0 and the evolution of capital markets
- What blockchain is (and what it is not)
- Brief history of blockchain its importance
- Building blocks of blockchain
- Smart contracts
- Blockchain/DLT in Secondary Markets
- Introduction to decentralised exchanges
- Trading on decentralised exchanges
- Depository and custody in the age of digital assets
- Central Bank Digital Currency (CBDC)
- What is Central Bank Digital Currency
- CBDC infrastructures and models
- Benefits and Limitations of CBDC
- Implications on financial markets
- Tokenisation of Securities & The Alchemy of Atomic Settlement
- Introduction to settlement cycles
- Introduction to atomic settlements
- Barriers to atomic settlements
- Conditions for true atomic settlement
- Fractionalisation Using DLT
- Primary Issuance on Blockchain
- Regulating Digital Assets
- Case Studies
This section provides a fundamental understanding on what blockchain is and how it is applied in the capital markets.
This section explores the uses of DLT in secondary markets and introduces the concept of decentralised exchanges.
Participants will learn about what a central bank digital currency is and how it works.
This section focuses on tokenisation of securities and the concept of atomic settlement and its benefits.
Participants will explore how fractionalisation of securities can be achieved using DLT and the benefits to
fractionalisation.
Participants will explore how primary issuance of securities can be achieved on blockchain and the advantages over the
traditional issuance process.
This section looks at the regulatory impact of digital assets on the capital markets, such as the Know-Your-Customer
(KYC) process and the regulatory challenges.
This section will cover case studies on CBDCs, fractional bonds and primary issuance.
Dr. Rahul Banerjee
Co-Founder & CEO
Rahul is a DCM-banker with 20 years of experience, including stints at global premier banks such as Credit Suisse, Nomura and Citi. In his previous role, he was the Global Head of International Corporates, Financial Market Sales at Standard Chartered Bank, where his team was based across all the major dealing rooms and covered the Fixed Income needs of large corporate clients.
George Thomas
Director – Fixed Income, BondEvalue
George has garnered a decade of experience in Fixed Income Markets having previously worked at Credit Suisse. He used to work on the Asian Local Currency Fixed Income Trading desk for over four years primarily focussing on India Offshore and South East Asian markets. His experience includes trading onshore and offshore FX, Swaps, Bonds and Futures in these markets. Prior to that he was in Fixed Income Front Office Technology at Credit Suisse for over 5 years where he worked on Trading Books and Market Pricers built on Excel and C# technologies. George has a Major degree in Computer Engineering and a Minor degree in Finance from the National University of Singapore.
Rajeev Tummala
Director – Digital & Data, Markets & Securities Services, HSBC
Rajeev has over 22 years of experience in driving transformation and innovation in post trade products and services. At HSBC, he has been primarily involved in developing the capability to service Digital Assets and is engaged with Clients and Financial Market infrastructure providers to create solutions for custody, issuance and asset servicing for digital assets and tokenizing traditional assets. Prior to that Rajeev spent 10 years at Bank of America Merrill Lynch in various leadership positions in Global Markets Technology and Securities Operations transformation teams in Asia. Rajeev holds an MBA from Booth School of Business, University of Chicago and a Bachelor of Engineering from BITS Pilani in India.
Teaching Style
A balanced mix of theory & practice where each concept is explained with real-world examples from the current capital markets.
- Understand what is blockchain / distributed ledger technology (DLT) and why it is important in capital markets
- Understand the opportunities of digital assets in capital markets
- Understand what are central bank digital currencies and their implications on capital markets
- Understanding conditions and barriers to atomic settlements
- Understanding regulatory implications and challenges
Fees & Funding
SGD 1,000 before funding and GST
IBF-STS Recognized
50/70% IBF funding available to Singaporeans and PRs
| Date | Day | Time Zone | Time |
|---|---|---|---|
| 31 May 2023 | Wednesday | Asia/UK | 9am to 5pm SG/HK |
| 27 July 2023 | Thursday | Asia/UK | 9am to 5pm SG/HK |
| 29 September 2023 | Friday | Asia/UK | 9am to 5pm SG/HK |
Other Courses
Terms & Conditions
Course fees are non-refundable. Customers can reach out to us via email for further clarifications.
Assessment
The course will conclude with an online assessment of up to 20 multiple-choice questions, requiring an 70% pass rate. Candidates may re-sit the assessment as many times as required.
Disclaimer
The materials and information contained herein are solely for general information reference and educational purposes only, and not intended to constitute nor as a substitute for legal, commercial and/or financial advice from an independent licensed or qualified professional. The information, opinions and views expressed herein are not, and shall not constitute an offer or a recommendation to sell, a solicitation of an offer to buy or an offer to purchase any securities, nor should it be deemed to be an offer, or a solicitation of an offer, or a recommendation, to purchase or sell any investment product or service or engage in any investment strategy. Nothing herein has been tailored to the investment objectives or financial situation of any specific individual, are current only as of the date hereof and may be subject to change at any time without prior notice. No representation, warranty or claim whatsoever is made nor implied as to the accuracy or completeness of any material or information contained herein, nor we have no liability whatsoever for any error, inaccuracies or omissions. No reliance should be made on the materials or information herein for any investment decision, and we accept no liability whatsoever for any direct or indirect loss whatsoever which may arise from the use or reliance of any such material or information. The business of investing is a complicated matter that requires serious financial due diligence for each investment. No representation whatsoever on the suitability or otherwise of any securities, products, or services for any particular investor. Each investor is solely responsible for its own independent investment decision based on its personal investment objectives, financial circumstances and risk tolerance, and should seek its own independent legal, tax and other professional advice prior to any such decision.
The inclusion of any hyperlinks or external links should not be seen as an endorsement or recommendation of that website or the views expressed therein. We do not have any control over the content or actions of the websites we link to and will not be liable for anything that occurs in connection with the use of such websites.
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For inquiries:
Raahil Shah - VP, BondEvalue
