Digital Markets
Technology is not the transaction. It is infrastructure.
We use digital financial technology when it can make capital markets cheaper, faster, more accessible or more transparent.
If it cannot do one of those things, we are not interested in using technology for its own sake.
Tokenised issuance
Tokenisation may create new routes for sovereign, DFI, infrastructure and institutional issuance. We work from the underlying transaction outward.
- Issuer
- Instrument
- Investors
- Regulation
- Distribution
- Technology
Not the other way around.
Singapore as a testing ground
Singapore combines sophisticated financial institutions, regulated digital-market infrastructure, institutional investors and an active financial-technology ecosystem.
Global Markets uses that environment to connect African issuers and institutions with credible technology and regulated financial partners.
Regulatory first
A clever structure that cannot survive legal, regulatory or institutional scrutiny has no value. Digital-market work must therefore begin with four questions.
- Legal enforceability
- Regulatory acceptance
- Institutional demand
- Economic value
Technology comes after those questions.
Where digital meets traditional finance
We do not see digital finance and traditional finance as separate worlds. The future will combine both. Our role is to determine where new financial infrastructure can improve the financing of real economies.
Start with the capital problem. Use technology where it improves the answer.
DWM’s competitiveness thesis asks a simple question of technology: does it remove friction, or create more of it?
Explore DWM IdeasStart a conversation.
Global Markets works with institutional and professional counterparties across Africa and Asia.