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Decentralized finance will increasingly be embedded within our financial systems, financializing all assets and putting control directly in the hands of their owners. , By tokenizing and financializing assets that were previously not recognized by traditional institutions, DeFi can unlock areas untapped by “traditional finance” (TradFi).

ve Macroeconomic Implications First, higher spending in many areas, including defense, health care, energy and food security, more resilient supply chains, and climate risk mitigation and adaptation, may well support aggregate demand.

and governance (ESG) focus among investors, shaping their actions to maximize returns., There is an opportunity in Asia, in the alignment of capital with ESG considerations, for sustainable returns when it comes to banking. , The Gender Entrepreneurial Gap and Opportunity In Asia, female representation in entrepreneurship has improved over the past five years, with a rise in the ratio of female-to-male-founded startups.

d Pensions United States Senate Washington, DC 20510

ervices 200 Independence Avenue, SW Washington, DC 20201 Dear Secretary Becerra,

vestment Board and former UBS AG Vice Chairman of Global Wealth Management (Asia Pacific), as an Asia Fellow.

n Africa

nnovation Network (TRAIN).

before passing it along to my wonderful colleague Arnav Kumar.