KPMG: In the Era of On-Chain Finance, Traditional Financial Decisions Must Upgrade to Strategic Layouts
Key facts
- KPMG: In the Era of On-Chain Finance, Traditional Financial Decisions Must Upgrade to Strategic Layouts
- KPMG Taiwan suggests that financial institutions facing the 'on-chain finance' era must upgrade their decision-making framework from 'whether to do it' to 'how to strategically position themselves.' As 5 banks are approved for virtual asset custody, KPMG points out the financial industry is undergoing its third major infrastructure restructuring.
- Source: PR Times
- Date: May 13, 2026
Direct answer
KPMG Taiwan suggests that financial institutions facing the 'on-chain finance' era must upgrade their decision-making framework from 'whether to do it' to 'how to strategically position themselves.' As 5 banks are approved for virtual asset custody, KPMG points out the financial industry is undergoing its third major infrastructure restructuring.
- Citation
- KPMG: In the Era of On-Chain Finance, Traditional Financial Decisions Must Upgrade to Strategic Layouts (May 13, 2026), PR Times
- Source
- PR Times
- Date
- May 13, 2026
KPMG Taiwan suggests that financial institutions facing the 'on-chain finance' era must upgrade their decision-making framework from 'whether to do it' to 'how to strategically position themselves.' As 5 banks are approved for virtual asset custody, KPMG points out the financial industry is undergoing its third major infrastructure restructuring.
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 17:38
- 🔍 Collected: May 13, 2026 at 18:02 (23 min after Published)
- 🤖 AI Analyzed: May 14, 2026 at 02:47 (8h 45m after Collected)
Central News Agency
(Central News Agency reporter Lu Yen-tzu, Taipei, 13th) Taiwan's virtual asset market is gradually developing, with the Financial Supervisory Commission having approved 5 banks to pilot virtual asset custody businesses. KPMG Taiwan today stated that the financial industry is ushering in its third major infrastructure restructuring. Facing the advent of the 'on-chain finance' era, this will change the service models of banks. In light of the global trend of funds gradually shifting to virtual asset channels, the decision-making framework for financial institutions must upgrade from 'whether to do it' to 'how to strategically position themselves.'
KPMG Taiwan held a seminar today to explore the latest development trends of virtual assets in Taiwan.
Chen Chun-kuang, Chairman of KPMG Taiwan, pointed out that in recent years, virtual asset regulatory frameworks in various countries have gradually taken shape. From the perspective of an accounting firm, some large electronics companies have inquired about how to handle their held crypto assets. Some foreign banks have even begun discussing how to use virtual assets and stablecoins to handle cross-border payments and other issues.
Facing virtual assets reshaping the banking financial landscape, Chen Chun-kuang stated that for financial institutions, this may involve license applications, establishment of internal audit and control, as well as back-end accounting treatment, legal compliance, anti-money laundering, system preparation, and risk control issues. The key is no longer whether to participate, but how to find a suitable entry point under controllable risks, transforming virtual assets into concrete services and business opportunities, and further strengthening their competitive advantages.
Lin Ta-chung, COO of Digital Innovation Services at KPMG Taiwan, observed that unlike the two previous transformations of internet banking and mobile finance, the financial industry is experiencing its third major infrastructure restructuring, officially entering the 'on-chain finance' era, which will change banking services. Facing the global trend of large-scale institutional funds shifting to stablecoins and tokenized assets, the decision-making framework for financial institutions must upgrade from 'whether to do it' to 'how to strategically position themselves.'
Lin Ta-chung stated that many Taiwanese financial institutions have actively invested and there are numerous pilot and experimental scenarios. Banks do not need to build all blockchain technologies from scratch but should focus on the three core moats of 'trust capital, fiat channels, and compliance systems,' and collaborate with VASPs (Virtual Asset Service Providers) exchanges and technology providers in an ecosystem division of labor.
Tang Nan, Digital Director of E.SUN Bank, pointed out that decentralized technology is not meant to replace the role of banks, but to reshape how finance operates. Blockchain possesses technical characteristics such as distributed ledgers, consensus mechanisms, pseudonymity, and programmable smart contracts, making transactions more transparent, cross-border, and enabling highly programmable applications. The future financial landscape will not be a black-and-white choice, but rather a parallel development model of on-chain and off-chain based on different transaction natures.
Tang Nan stated that the biggest advantage of traditional financial institutions lies in their long-accumulated customer trust foundation, as well as a complete and mature compliance and risk control system. If banks want to develop virtual asset businesses, they must continuously invest in talent cultivation, technology capability building, and organizational culture adjustment and transformation to develop together with native crypto ecosystem players in a competitive and cooperative relationship.
Lo Yu-mei, Senior Vice President of Franklin Templeton Investments, shared that Franklin Templeton in the United States has already utilized on-chain native tokenized money market funds (Benji blockchain integration technology) to generate income during fund transfers, enhancing capital utilization efficiency while reducing costs and strengthening transparency. With the advent of 24-hour trading and the development of RWA (Real World Asset) tokenization, it will bring structural changes to cross-border payments and asset management. (Editor: Pan Yi-ching) 1150513
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(Central News Agency reporter Lu Yen-tzu, Taipei, 13th) Taiwan's virtual asset market is gradually developing, with the Financial Supervisory Commission having approved 5 banks to pilot virtual asset custody businesses. KPMG Taiwan today stated that the financial industry is ushering in its third major infrastructure restructuring. Facing the advent of the 'on-chain finance' era, this will change the service models of banks. In light of the global trend of funds gradually shifting to virtual asset channels, the decision-making framework for financial institutions must upgrade from 'whether to do it' to 'how to strategically position themselves.'
KPMG Taiwan held a seminar today to explore the latest development trends of virtual assets in Taiwan.
Chen Chun-kuang, Chairman of KPMG Taiwan, pointed out that in recent years, virtual asset regulatory frameworks in various countries have gradually taken shape. From the perspective of an accounting firm, some large electronics companies have inquired about how to handle their held crypto assets. Some foreign banks have even begun discussing how to use virtual assets and stablecoins to handle cross-border payments and other issues.
Facing virtual assets reshaping the banking financial landscape, Chen Chun-kuang stated that for financial institutions, this may involve license applications, establishment of internal audit and control, as well as back-end accounting treatment, legal compliance, anti-money laundering, system preparation, and risk control issues. The key is no longer whether to participate, but how to find a suitable entry point under controllable risks, transforming virtual assets into concrete services and business opportunities, and further strengthening their competitive advantages.
Lin Ta-chung, COO of Digital Innovation Services at KPMG Taiwan, observed that unlike the two previous transformations of internet banking and mobile finance, the financial industry is experiencing its third major infrastructure restructuring, officially entering the 'on-chain finance' era, which will change banking services. Facing the global trend of large-scale institutional funds shifting to stablecoins and tokenized assets, the decision-making framework for financial institutions must upgrade from 'whether to do it' to 'how to strategically position themselves.'
Lin Ta-chung stated that many Taiwanese financial institutions have actively invested and there are numerous pilot and experimental scenarios. Banks do not need to build all blockchain technologies from scratch but should focus on the three core moats of 'trust capital, fiat channels, and compliance systems,' and collaborate with VASPs (Virtual Asset Service Providers) exchanges and technology providers in an ecosystem division of labor.
Tang Nan, Digital Director of E.SUN Bank, pointed out that decentralized technology is not meant to replace the role of banks, but to reshape how finance operates. Blockchain possesses technical characteristics such as distributed ledgers, consensus mechanisms, pseudonymity, and programmable smart contracts, making transactions more transparent, cross-border, and enabling highly programmable applications. The future financial landscape will not be a black-and-white choice, but rather a parallel development model of on-chain and off-chain based on different transaction natures.
Tang Nan stated that the biggest advantage of traditional financial institutions lies in their long-accumulated customer trust foundation, as well as a complete and mature compliance and risk control system. If banks want to develop virtual asset businesses, they must continuously invest in talent cultivation, technology capability building, and organizational culture adjustment and transformation to develop together with native crypto ecosystem players in a competitive and cooperative relationship.
Lo Yu-mei, Senior Vice President of Franklin Templeton Investments, shared that Franklin Templeton in the United States has already utilized on-chain native tokenized money market funds (Benji blockchain integration technology) to generate income during fund transfers, enhancing capital utilization efficiency while reducing costs and strengthening transparency. With the advent of 24-hour trading and the development of RWA (Real World Asset) tokenization, it will bring structural changes to cross-border payments and asset management. (Editor: Pan Yi-ching) 1150513
Choose to stand with facts, every sponsorship you provide is the power to protect press freedom.
Download the Central News Agency 'First-hand News' APP to grasp the latest news instantly.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.
FAQ
What are the key facts in this article?
KPMG Taiwan suggests that financial institutions facing the 'on-chain finance' era must upgrade their decision-making framework from 'whether to do it' to 'how to strategically position themselves.' As 5 banks are approved for virtual asset custody, KPMG points out the financial industry is undergoing its third major infrastructure restructuring.
What is the direct answer?
KPMG Taiwan suggests that financial institutions facing the 'on-chain finance' era must upgrade their decision-making framework from 'whether to do it' to 'how to strategically position themselves.' As 5 banks are approved for virtual asset custody, KPMG points out the financial industry is undergoing its third major infrastructure restructuring.
What is the source and date?
PR Times: https://www.cna.com.tw/news/afe/202605130234.aspx | May 13, 2026