Cryptocurrencies
Crypto’s Long Road to Acceptance May Have Started Here
In the wake of the 2018 crash, two dozen traders gathered to plan its emergence as a new asset class. Step one: a clearinghouse.
Sentosa Golf Club, left, on Sentosa Island.
Photographer: Darren Soh/Bloomberg
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He sent the invitations when the party was over.
Only after the cryptocurrency craze’s collapse hit bottom in December did Standard Chartered Plc veteran Hoe Lon Leng issue his call to the market’s biggest traders: join him to brainstorm making digital tokens part of the world’s financial architecture.