Now we have large volumes of private assets coming on-chain, when and how do these start to move from primary market offerings to real secondary trading at scale? And when and how will institutional brokers get fully involved? This panel digs deeper into this, along with exploring the benefits of tokenising private markets and the other benefits it unlocks.
Key benefits of blockchain and tokenisation that have been much heralded are bringing 24/7 trading to TradFi markets, as well as instantaneous atomic settlement. But are these really needed? Or wanted? This panel will explore the potential of these benefits, who wants/needs them (or doesn’t), and which asset classes or participants might be best suited to them.
The range of readily available, tokenised products with a variety of yield offerings has been increasing. But are all these products palatable to institutions? Where are they regulated? Are they ‘wrapped’ or really a fund? Do you have a direct lien on the underlying asset? And what about stablecoins with yield attached? This panel will explore the range of options available - from money-market funds to treasuries to stablecoins to other types of assets, and will look at what might be coming next.
Fund administration still relies on fragmented intermediaries, manual reconciliations and opaque data flows. As the use of blockchain matures, the opportunity extends beyond just tokenising assets to fundamentally re-architecting how funds are administered - from NAV calculations and transfer agency to distributions and investor onboarding. This panel explores what it takes to move from vision to execution, examining the technical realities, regulatory considerations and commercial incentives driving the shift to natively on-chain fund operations.
For years the main focus of tokenisation has been on private markets and hard to trade or access assets. But now there’s a lot of noise about assets on public markets moving ‘on chain’. Is this hype? Or real? Are these public assets moving natively on-chain, or through some kind of wrapper or vehicle? Will the CEXs and DEXs of the digital asset world steal a march here, or will the TradFi incumbents leapfrog them into the digital world? And where is this all going to happen first?
Private credit has emerged as one of the fastest-growing asset classes in traditional markets, providing potential yields above the world of treasuries, money-market funds, etc. Yet access remains largely confined to institutional investors. Tokenisation promises to unlock this opportunity — offering fractional exposure, improved liquidity mechanics, and greater transparency across the credit lifecycle, as well as access to new private credit assets too. But does on-chain distribution genuinely democratise high yield, or does it introduce new layers of risk? This panel examines the investment case, the structural challenges and whether tokenised private credit can deliver on its promise at scale.
Much of the tokenisation narrative has focused on bringing traditional assets on chain. But increasingly, the greater opportunity may lie in the opposite direction — taking the infrastructure, composability and efficiency gains proven in the blockchain or DeFi space and embedding them into traditional financial workflows. From automated market-making and on-chain settlement to programmable compliance and real-time reporting. And for tokenised assets to really scale anyway, integration with legacy systems has to be sorted too - at least for a period of time. This panel asks whether reversing the direction of travel is the missing piece for genuine institutional scale, and what it takes to bridge the cultural, regulatory, and technical gaps between two worlds that are converging faster than many realise.
For all the focus on tokenised assets and new distribution models, the most transformative impact of blockchain in capital markets may sit further down the value chain. Post-trade processes — clearing, settlement, custody and reconciliation — remain among the most costly, inefficient and operationally complex layers of financial markets infrastructure. With CSDs and clearing houses now actively experimenting with DLT, the prospect of atomic settlement, real-time position transparency and the elimination of redundant intermediaries is moving from theory to pilot and beyond. This panel explores whether post-trade is where institutional blockchain adoption finds its strongest and most enduring use case.
Institutions and corporations typically sit on significant assets that are static in custody and on their balance sheets. Earning some yield maybe, but “dumb” apart from that. Tokenisation has the potential to unlock that “dumb” value by making these assets “smart” - allowing them to be used and transferred in new and innovative ways. This panel will explore what is happening to make assets smarter and unlock value, and how they are being used now and might be in the future.
2026 marks a pivotal year for digital asset regulation. In the US, landmark legislation is advancing through Congress. In the EU, MiCA has been live for over a year. And in the UK, the FCA's framework is taking shape with its own distinct approach. But as policy translates into practice, the critical questions shift from what the rules say to how they are actually working on the ground. Are firms finding these frameworks navigable or burdensome? Is regulatory clarity genuinely driving institutional participation or creating new barriers to entry? And in an industry that operates without borders, which jurisdiction is striking the right balance between innovation and protection — and ultimately winning the race? This panel brings together perspectives from across all three regimes to assess what is working, what is not and where the gaps remain.
As digital asset custody matures and competition intensifies, fee compression is accelerating. With traditional custodians entering the space alongside crypto-native providers, custody increasingly risks becoming a commoditised utility rather than a premium service. But in a market where security, regulatory compliance and institutional-grade infrastructure remain non-negotiable, can a race to zero truly play out — and if it does, where does the value migrate? This panel examines the evolving landscape of digital asset custody, the differentiation strategies emerging among providers and what the fee trajectory means for the broader market structure.
DeFi remains the bleeding edge of digital/crypto - a sandbox of relentless innovation and disruption. Yet for institutions, it is also an opaque and largely unregulated space currently, that is difficult to navigate within existing compliance and governance frameworks. Despite this, the innovations emerging from DeFi — lending, liquidity provision, on-chain risk management, programmable yield — are too significant to ignore. This panel explores the most compelling DeFi innovations today and how they might credibly transition into the TradFi world, examining where the boundary between permissioned and permissionless is being drawn and what it will take for institutions to engage safely.
Payment firms have spent decades building the rails that move value globally at scale. Now, as digital assets mature and demand for seamless fiat-to-crypto connectivity grows, these same firms are emerging as a critical, but often overlooked, infrastructure layer. From on- and off-ramps to stablecoin settlement, real-time cross-border transfers and merchant integration, payment providers are not just facilitating access to digital assets, they are actively reshaping how the ecosystem operates. This panel explores whether payment firms hold the key to mainstream adoption, how their role is evolving beyond simple gateway services and what the convergence of payments and digital assets means for the broader financial landscape.
Stablecoins have rapidly evolved from a simple crypto trading utility into a foundational layer of the digital asset economy. With hundreds of USD-pegged tokens now in circulation, yield-bearing variants emerging and regulatory frameworks crystallising on both sides of the Atlantic — the GENIUS Act in the US, MiCA in the EU and the FCA's evolving stablecoin regime in the UK — the landscape is shifting fast. But as stablecoins become increasingly embedded in payments, remittances and on-chain commerce, a fundamental question arises — if you can earn, spend, save and settle in stablecoins, do you ever actually need to off-ramp back to fiat? This panel examines where stablecoins are heading, whether the market can sustain its current proliferation, how yield-bearing models are changing the value proposition and what a world looks like where the off-ramp becomes irrelevant.
For years, regulatory uncertainty has been a barrier keeping traditional institutions on the sidelines of the crypto market. That landscape is now changing with comprehensive frameworks emerging across the UK, EU and US. As clarity replaces ambiguity, institutions are increasingly asking not whether to engage with cryptocurrencies, but when, and where the commercial opportunity lies. From custody and brokerage to staking, lending, derivatives and yield products, regulation is unlocking revenue streams that were previously inaccessible or too risky to pursue. This panel explores which crypto-native opportunities are most compelling for institutions, how quickly they can move to capture them and whether regulated crypto services will become a meaningful new business line alongside traditional financial products.
