From 2023 to 2026, establishments from world wide will as soon as once more come collectively from Hong Kong to the world stage. As the subsequent decade of digital belongings unfolds, LTP is trying forward alongside the business.
What’s it like to look at the entrance traces of digital belongings and conventional finance (TradFi) up shut amid market volatility?
February 9, 2026 liquidity 2026the annual flagship institutional digital asset summit hosted by LTP Hong Kongefficiently accomplished in Hong Kong. For the fourth consecutive 12 months, the occasion as soon as once more introduced collectively senior representatives from hedge funds, market makers, high-frequency buying and selling companies, household places of work, asset managers, exchanges, custodians, banks and expertise service suppliers, marking one other milestone within the accelerating convergence of digital belongings and conventional monetary markets.
The summit featured keynote speeches, fireplace chats, and in-depth roundtable discussions all through the day's agenda. Audio system and individuals engaged in powerful exchanges centered across the evolution of the worldwide monetary system, the rise of tokenization, and the fast consolidation of multi-asset ecosystems, exploring what new alternatives and new paradigms might emerge as institutional adoption will increase.
Because the summit drew to an in depth, a transparent consensus emerged from various views. At a turning level within the restructuring of the worldwide monetary panorama, Infrastructure improvement, regulatory dialogue and cross-agency cooperation shall be a key variable in shaping the business's sustainable progress.
This was greater than only a discussion board of concepts, it was a decisive step within the development of the digital asset business. Standardization, institutionalization, and mainstream relevance.
Highlights and key factors from your entire agenda
in liquidity 2026LTP convened world consultants to think about the way forward for institutional digital asset markets via a number of lenses, together with core infrastructure, liquidity connectivity, tokenization, and rising market paradigms.
Multi-asset buying and selling and market integration: compatibility and resilience
Contributors broadly agreed that crypto belongings are more and more being redefined as a core asset class that must be built-in into institutional traders' portfolio administration frameworks, somewhat than being handled as a standalone various market. Stefan LutzBitMEX's CEO identified that CIOs can not afford to disregard this asset class. As monetary establishments formally incorporate digital belongings into their allocation frameworks, the design logic of buying and selling techniques shifts from looking for one of the best efficiency to enabling seamless integration inside present governance buildings, API architectures, and threat administration.
System resilience was repeatedly emphasised. tom higginsGold-i's founder and CEO stated through the roundtable that system design should assume failure is inevitable and allow redundancy and survivability via aggregation of a number of venues. On the macro stage, regulatory fragmentation stays a significant barrier to world market interoperability. With out cross-jurisdictional coordination, true multi-asset integration stays constrained.
A brand new fee layer: clearing, custody and interoperability
Discussions on funds and custody offered a transparent route. Custodians are evolving from passive asset storage to a core infrastructure layer that helps clearing, settlement, and threat administration. With rising company participation, custody is not seen as only a compliance requirement, however as a vital hyperlink between regulatory certainty and operational scalability.
The definition of belief can also be evolving. Ian LegislationCEO of Ceffu, emphasised the necessity to embed belief into viable on-chain mechanisms the place belongings generate tangible yields via the cooperation of custodians and prime brokers. The significance of mature third-party applied sciences is changing into more and more clear. amy chanFireblocks' Head of APAC highlighted the business's rising reliance on established infrastructure suppliers, noting that regulatory readability and infrastructure maturity imply Europe is rising as a strategic hub for institutional digital belongings.
Technical redundancy was widely known as important to scale back system disruption. as darren jordanKomainu's chief industrial officer, stated the way forward for custody is concerning the ease of use of belongings, with the core query shifting from whether or not belongings are securely saved as to whether they are often moved safely and securely.
Infrastructure Rebuild and Knowledge Pricing
Johan KelblattRobinhood Crypto's SVP and GM shared how Robinhood has advanced from a crypto buying and selling platform to a general-purpose monetary infrastructure supplier, leveraging blockchain to revamp funds, settlements, and conventional asset transactions whereas eradicating complexity from finish customers.
In his view, whereas the core bottleneck for TradFi stays fee effectivity, typically working at T+1 or larger, crypto-native techniques supply 24/7 availability, near-instantaneous transfers, configurability, and considerably cut back capital prices and counterparty threat. Robinhood is continuing with the tokenization of shares on a totally collateralized, 1:1 foundation inside a regulatory framework, and expects tokenization to broaden past stablecoins to shares, ETFs, and personal markets. He argued that the central problem is just not expertise, however regulatory enforcement and collective adoption.
cory louHead of Asia Pacific at Pais Community, stated market information is a structurally undervalued business, with annual revenues exceeding $50 billion and information prices rising greater than 15 occasions over the previous 25 years. He identified that the true price doesn’t come from data asymmetry, however from the standard of the info that in the end determines whether or not a dealer can obtain one of the best execution.
Pyth Community goals to reimagine conventional information pipelines by ingesting value inputs straight from buying and selling companies and exchanges right into a shared value layer. It’s then redistributed to monetary establishments with prime quality and low price via millisecond stage multi-asset updates. Lou revealed that Paispro Inside two months of launch, we had over 80 subscribers and achieved over $1 million in ARR in our first month. The mission additionally plans to implement a worth seize mechanism the place subscription income flows into the DAO and buys again tokens to construct long-term reserves.
Institutional investor capital allocation: From hypothesis to systematic publicity
Vital adjustments in capital allocation are underway. Institutional traders are rotating away from narrative-driven belongings to merchandise with clear demand drivers and regulatory visibility. Fabian DoriCIO at Sygnum, noticed that because the metaverse narrative fades, establishments are refocusing on leveraging sensible contracts for worth chain integration and course of automation. Danger administration is more and more changing estimation of returns as the first screening criterion.
Tokenization is broadly anticipated to drive structural somewhat than incremental change, however the scale will rely not solely on technical capabilities but additionally on demonstrable shopper demand. There may be rising curiosity in index-based and structured merchandise. Giovanni ViceosoWorld Head of Cryptocurrency Merchandise at CME Group, stated the longer term market panorama is prone to be outlined by the coexistence of a number of applied sciences and market buildings.
Buying and selling convergence: Bridging liquidity, pricing, and threat
In discussions on liquidity and threat administration, individuals centered on the steadiness of the system in excessive market circumstances. Jeremy LengthyLudisia's CIO, highlighted that infrastructure upgrades have considerably improved execution high quality and careworn that threat administration should be designed for the worst-case situation.
Bettering capital effectivity throughout venues was recognized as a key resolution to fragmented capital deployment. Cooperation fashions between exchanges and custodians are more and more being thought-about, permitting for the sharing of swimming pools of capital. On this context, transparency has change into paramount. Giuseppe Giulianivice chairman of the Kraken institutional staff, emphasised that liquidity is determined by clearly priced dangers, and that the alternate's transparency and operational stability straight affect market maker participation.
Constructing institutional rails for a digital asset financial system
On the organizational and infrastructure stage, a number of case research sign the transition from proof of idea to real-world deployment. Stablecoin pilots in insurance coverage and funds show tangible effectivity beneficial properties for on-chain funds. Some establishments are actually contemplating shifting their flagship merchandise straight on-chain to entry broader world liquidity.
System stability is more and more seen as a type of income safety. Zengxina senior Web3 options architect at AWS, identified that stability acts as “revenue insurance coverage” and that cloud infrastructure gives the resiliency and elasticity crucial for digital markets. In the meantime, conventional regulatory frameworks proceed to impose structural constraints on capital allocation. sherry juFutu Group World Head of Digital Belongings, Futu Holdings Restricted, whereas recognizing the capital constraints imposed by frameworks reminiscent of Basel, emphasised the chance for belief and comfort to be on the core of securities platforms. Balancing compliance, privateness, and management stays a key criterion for establishments to take part in DeFi.
Every little thing as collateral: RWA, stablecoins, tokenized credit
The talk over whether or not tokenized belongings can function core collateral is shifting from principle to observe. In comparison with conventional buildings, on-chain collateral with 24/7 settlement is appropriate for assembly sudden margin necessities in derivatives markets. Nonetheless, authorized readability stays a deciding issue.
Chetan KarhanisSenior Vice President at Franklin Templeton, emphasised the significance of selecting native on-chain asset buildings over digital replicas and guaranteeing a single supply of authorized reality. Regulatory classification and its affect on capital necessities are equally vital. Establishments evaluating tokenized collateral are likely to give attention to 4 features: authorized possession, operational threat, custodial construction, and liquidity depth.
Past the Hype: The place Will the Trade Go Subsequent?
On the conclusion of the summit, individuals got here collectively on the frequent view that tokenization alone doesn’t represent a aggressive benefit. The true differentiator lies in delivering measurable enhancements throughout reserves, buying and selling and settlement.
Erkan KayaCEO of ABEX, steered that tokenization has the potential to fully take in conventional finance into crypto-native techniques, and {that a} tipping level is prone to happen throughout the subsequent decade. The evolution of economic infrastructure seems irreversible, with regulatory credentials, system stability, and person expertise changing into decisive elements. Digital belongings are not complementary peripherals to TradFi, however are more and more able to reshaping TradFi's working logic and energy construction.
moses leeHead of APAC at Anchorage Digital, summed up this sentiment succinctly: Tokenization doesn’t equal success. Its worth is determined by its capacity to supply a transparent purposeful benefit in preparation, buying and selling, or settlement.
lastly
For LTP, the transition to a extra mature part of the business, marked by a decline in hype, can also be the best time for infrastructure, compliance and sustainable innovation to take root. We strongly imagine that lasting worth creation lies within the elementary techniques that quietly help market operations.
From 2023 to 2026, LTP stays dedicated to observing, documenting, and actively collaborating within the structural, institutional, and regulatory evolution of the digital asset business, from regional markets to a worldwide perspective. A profitable conclusion is liquidity 2026 That is one other vital milestone in our long-term dedication to additional integrating digital belongings with TradFi.
Trying to the longer term, LTP will proceed to speculate closely in growing an ecosystem that drives extra resilient infrastructure and extra open collaboration to assist form the subsequent decade of digital belongings.
A confluence of infrastructure building, regulatory efforts, and cross-institutional collaboration is shaping an period of more healthy, extra skilled, and more and more mainstream digital belongings.
in the meantime liquidity 2026 has simply concluded, we’re solely within the second half of the marathon in the direction of deep integration of digital belongings and TradFi. As a long-term participant and observer, LTP will proceed to dedicate sources to ecosystem constructing and business dialogue to assist usher within the subsequent decade of digital belongings.
