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Dario de Martino
Partner & Global Co-Head of FinTech
A&O Shearman
Dario de Martino is an M&A partner and Global Co-Head of A&O Shearman's FinTech and Blockchain Group, based in the firm's New York office. He focuses on US-centric and global public and private M&A transactions, including carve-outs, joint ventures, and other strategic transactions for leading technology (including FinTech, digital assets, payments, AI/machine learning, software, semiconductors, IoT, and cloud computing), financial services, life sciences + healthcare, and industrial companies.
He has extensive experience advising Japanese corporates on outbound U.S. and global M&A transactions, and regularly counsels boards and senior management on transformative transactions and strategic issues involving digital assets and blockchain-enabled technologies.
講演
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3:35–4:15午後水 25 2月Experts DialogueMain Stage, Bellesalle B2Open
Blueprint for Digital Assets
Tokenisation and its Mass Adoption in Financial Services | 金融サービスにおけるトークン化の本格普及
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David KatzVice President for Strategy & Public Policy, Asia PacificCircle
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Dario de MartinoPartner & Global Co-Head of FinTechA&O Shearman
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Fangfang ChenHead of Asia PacificBNY
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Keiji MatsunagaGeneral Manager, Digital Strategy DepartmentSumitomo Mitsui Financial Group (SMFG)
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S B SekerHead of Asia PacificBinance
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Charles LichfieldDirector for Economic Foresight & Analysis at the CenterAtlantic CouncilModerator
About this session
Tokenisation will only fulfil its promise when it operates as invisible infrastructure across institutional markets and everyday financial life. This dialogue explores how tokenised deposits, stablecoins, and tokenised securities can be woven into wallets, merchant ecosystems, and capital markets without undermining customer trust or regulatory safeguards. The discussion will focus on practical pathways to move from isolated pilots to population‑scale usage, including user experience design, interoperability with core banking and payment systems, and the impact of emerging policy clarity in jurisdictions such as Japan. It will also consider how governance, risk management, and operational readiness need to evolve as tokenised instruments become part of mainstream financial services.
機関投資家向け市場や日常の金融活動において、利用者がその存在を意識しないインフラとして機能してこそ、トークン化は真価を発揮します。本セッションでは、トークン化預金、ステーブルコイン、トークン化証券を、顧客の信頼や規制上の安全性を損なうことなく、ウォレット、加盟店エコシステム、資本市場へどのように組み込んでいくかを議論します。
また、限定的な実証実験から社会規模での実装へと移行するための実践的な道筋に焦点を当てます。具体的には、ユーザー体験の設計、基幹系システムや決済システムとの相互運用性、日本をはじめとする各国で進む規制・政策の整備状況が与える影響などを取り上げます。さらに、トークン化金融商品が主流の金融サービスへ組み込まれていくなかで、ガバナンス、リスク管理、オペレーション体制をどのように高度化していくべきかについても検討します。 -
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4:00–5:30午後木 26 2月GFTN InsightsRoundtable Room 2, Bellesalle 5FPremium
Blueprint for Digital Assets
Simplifying Compliance - Cleaning Up Policy Sludge with Trained AI Tools | コンプライアンスの簡素化──高度なAIツールで“政策スラッジ”を一掃する
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Prof. Bob WardropProfessor, University of Cambridge & Spin-out FounderCambridge University & RegGenome
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Bénédicte NolensCentre Head, Hong Kong CentreBIS Innovation Hub
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Dario de MartinoPartner & Global Co-Head of FinTechA&O Shearman
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Dr. Julius Caesar ParrenasManaging DirectorSumitomo Mitsui Banking Corporation (SMBC)
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Dr. Kawai DaisukeDeputy DirectorFinancial Services Agency of Japan (JFSA)
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Prof. Nigel PhairProfessorMonash University
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Takaya SuginoDeputy Director, Innovation Promotion OfficeFinancial Services Agency of Japan (JFSA)
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Tatia TsiklauriSenior SpecialistNational Bank of Georgia
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H.E. Sou SocheatDelegate of the Royal Government in charge as Director GeneralSecurities & Exchange Regulator of Cambodia
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Witit SynsatayakulDigital & Innovative Finance SpecialistAsian Development Bank
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Lotte Schou ZibellFounder & Chief Executive OfficerImpact Financial AdvisoryModerator
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Mike HsuFormer Acting Comptroller of the CurrencyIndependent AdvisorModerator
About this session
Policy sludge—the build-up of overlapping, inconsistent, outdated, and fragmented rules—adds unnecessary compliance burden, obscures real risks, and drains scarce capacity from both regulators and regulated institutions.
This roundtable will examine how AI-enabled policy analysis and structured regulatory data can support a more consistent, transparent, and evidence-based review of legal and regulatory frameworks—helping supervisors and other stakeholders pinpoint where “policy sludge” sits within and across mandates, navigate complexity, and accelerate targeted reforms that streamline requirements, reduce unnecessary burden, and strengthen integrity, inclusion, and resilience (including cyber resilience).
Global standards pressure is rising - resources aren’t. Regulators, standard-setters, and regulated institutions are expected to align with international standards, protect consumers, markets, and the environment, support innovation, safeguard financial stability, and strengthen cyber resilience, while operating with limited capacity and resources.
“政策スラッジ”とは、重複し、整合性を欠き、時代遅れとなり、断片化したルールが積み重なった状態を指します。こうした状況は、不要なコンプライアンス負担を生み出し、真のリスクを見えにくくし、規制当局と規制対象機関の双方から人材や組織の限られた資源を奪います。
本ラウンドテーブルでは、法制度や規制の枠組みを、より一貫性があり、透明性が高く、根拠に基づいたものへと整えていくために、AIを活用した政策分析や構造化された規制データをどのように活かせるかを検討します。あわせて、監督当局や関係者が、所管の内外に存在する“政策スラッジ”を特定し、複雑な構造を整理しながら、要件の簡素化や過度な負担の軽減、さらに健全性・包摂性・レジリエンス（サイバーレジリエンスを含む）の強化につながる的確な改革を加速させる道筋を探ります。
国際基準への適合を求める圧力は高まる一方で、利用できる資源には限りがあります。規制当局や国際基準の策定機関、規制対象機関には、国際基準との整合を図りながら、消費者・市場・環境を守り、イノベーションを促進し、金融の安定を確保し、サイバーレジリエンスを強化することが求められています。しかも、それらを限られた人的・財政的資源のもとで担わなければならないのです。 -
