The latest HSBC survey highlights a significant gap between the anticipated growth of digital finance and the readiness of businesses to embrace it. Conducted among 3,000 international businesses and institutional investors, including 1,200 in Asia, the survey reveals that 91% of Asian corporates expect digital and tokenised assets to become standard in treasury operations within five years. However, more than half of these businesses, 53%, admit they lack the understanding needed to assess the impact on their operations.
The survey, released ahead of HSBC’s Global Investment Summit in Hong Kong, underscores the belief that digital assets will reshape capital markets over the next decade. Jo Miyake, Head of Banking, Asia & Middle East, Corporate and Institutional Banking at HSBC, remarked, “Whilst an overwhelming majority of decision-makers believe that the adoption of digital finance is poised to skyrocket, momentum isn’t matched by readiness.”
Despite the enthusiasm for digital finance, 25% of respondents do not currently prioritise it, awaiting clearer standards and regulations. In response to these findings, HSBC Hong Kong plans to launch a Hong Kong dollar-denominated stablecoin in the latter half of 2026, integrating it into popular digital platforms like PayMe and the HSBC HK Mobile Banking App.
The survey highlights the urgent need for education and preparation in the financial sector to ensure businesses can effectively innovate and scale using digital technologies. As the financial landscape evolves, the readiness of businesses to adapt will be crucial in leveraging the potential of digital finance.
