Lucy Wong

Lucy Wong is Advisor (Lead on Digital Assets, Stablecoins, AI, Digital Twin) at the Bank for International Settlements Innovation Hub, based in Hong Kong SAR on secondment from the Hong Kong Monetary Authority (HKMA). She has held this role since June 2022.

Wong led the completion of Project Dynamo, which developed a prototype for using stablecoin in a supply chain setting. Her responsibilities on the project included ideation, vendor selection, contract negotiation, project management, and authoring the published report. Project Dynamo received the Trade Facilitation Innovation Award from the Asian Development Bank and UNESCAP. The project involved collaboration with the HKMA, Bank Negara Malaysia, Bank Indonesia, Bank of Thailand, the International Chamber of Commerce, the World Economic Forum, the IMF, and the World Trade Organization. She also led collaboration with the HKMA on Project Ensemble, which explored cross-border use cases of wholesale CBDC and tokenised deposits. She conducted and published research on wholesale use cases and adoption challenges of CBDCs, stablecoins, and tokenised deposits, drawing on interviews with 47 organisations including banks, payment companies, stablecoin issuers, infrastructure providers, law firms, international organisations, and academic institutions. She currently leads Project Danu, which aims to develop a digital twin framework for managing climate-related financial risks, and is part of the core team on Project Noor, focused on developing a supervisory tool for AI model explainability. Wong has spoken at the ICC Future Trade Forum, BIS Innovation Summit, Hong Kong FinTech Week, Financial Times Crypto and Digital Assets Summit, and the Global Trade Review conference, among others. She is a regular guest lecturer on the Cambridge Judge Business School Digital Assets for Regulators programme.