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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 markets have always been at the very heart of the blockchain promise and revolution, but where have they really got to? And what is now needed for them to flourish on-chain. Is it all about sorting secondary liquidity? Or are other aspects like, certainty of private asset data, or comparative analytics to manage risk important too? This panel will explore where the tokenization of private markets has got to, as well as what remains to be changed to open up secondary markets, provide liquidity and offer distribution at scale.
Much heralded benefits of blockchain and tokenization have always been the allure of 24/7 markets and instantaneous real-time settlement or atomic swaps. But has this really happened yet? And if not, why not? This panel will explore the benefits that are really possible now and in the future, as well as the challenges, like liquidity, regulation, intermediaries, etc, that still exist.
Stablecoins have exploded globally with hundreds now available and more coming all the time. But other tokenized assets offer an interesting alternative - such as MMFs, yield products, tokenized deposits, CBDCs and tokenized treasuries - have emerged now too. And these can offer interesting benefits, like interest. This panel will explore the various contenders and the different use cases each fit, and predict which might be the winner(s) over time.
Private markets are not moving on-chain as one. Some private assets are better suited to on-chain rails than others, depending on type, underlying fundamentals, valuation levels/frequency, transfer restrictions and investor demand. This panel explores which categories are moving first, what structures are proving easiest to operationalise, and what needs to change for the next wave to follow. And what that next wave might be.
The plethora of different blockchains has always created an interoperability problem, but solutions to this do exist, at different levels of the technology stack. However interoperability in its broadest sense is much more than this, particularly when it comes to how this natively digital world can scale. From different jurisdictional rules and regulations, to the need for interfacing with legacy systems, to navigating a myriad of different standards, to cross-border and cross-corporate barriers - the challenges over and above blockchain interoperability need to be met. This panel will explore the interoperability conundrum and what the path to tokenisation at scale might be.
The pre- and post-trade world has been ripe for disruption and revolution for many years, with lots of inefficiencies, duplication, intermediaries and costs. But blockchain has the potential to sweep all this aside and reengineer the post-trade and back-office space. This panel will explore where we have got to on this journey, what the ‘low hanging fruit’ here is, and what needs to still happen to deliver the blockchain dream in this area.
Institutions and corporations typically sit on significant assets that are static in custody and on their balance sheets. Earning yield maybe, but “dumb” apart from that. Tokenization has the potential to unlock that “dumb” value and make these assets “smart” by allowing them to be used and transferred in new and innovative ways. This panel will explore what is happening to make assets smart and how they are being used now and will be in the future.
Clear and consistent regulation for stablecoins and digital assets have long been the dream. But regulatory momentum is building now, so is the end in sight? But different regulators do things differently and at different speeds. This panel will explore the current state of crypto and digital asset regulation against a global bank drop - and indentation which jurisdictions look likely to win out.
Crypto and traditional custodians have long been separate beasts, with new incumbents emerging in the crypto space. But regulated digital assets sit somewhere in between and the TradFi custodians are gearing up to offer digital solutions too. Which side might emerge as the kings of custody and how might the evolving landscape end up looking?
DeFi is often seen as the bleeding edge of crypto and a sandbox of innovation and disruption. But the DeFi world is often opaque at best and is a difficult unregulated space currently for institutions to navigate. This panel will explore some of the most exciting innovations in DeFi and how these might transition into the traditional institutional space.
Parallel Sessions | Breakout Rooms
Hosted by: Deutsche Bank
Focused on real‑world usage and integration into payments and capital markets flows
Hosted by: T-REX
As tokenized markets evolve across multiple platforms and jurisdictions, this roundtable will examine whether a trusted reference ledger is becoming a necessary piece of market infrastructure. The discussion will explore its potential role in supporting ownership certainty, interoperability, control and market confidence, and whether tokenized assets can truly scale without a trusted reference layer across the market. The focus will be on the practical requirements for institutional adoption and how market structure may need to evolve from here.
Hosted by: OpenAssets
Tokenization promises true ownership, but for whom, and of what? This roundtable examines ownership from two angles that rarely get discussed together: the investor experience of holding tokenized assets with genuine on-chain rights versus a beneficial interest in a legacy wrapper, and the institutional question of who controls the infrastructure those assets run on. As white-label platforms and modular market infrastructure emerge, asset managers and exchanges face a build-vs-buy decision that will define their competitive position for the next decade. And in a new world of optionality for asset holders, how will issuers maintain or redefine control? This discussion explores what real ownership means in practice—legally, operationally, and commercially—and what it takes to capture it.
Hosted by: Archax
This roundtable will explore how the tokenisation of real-world assets is reshaping institutional markets, with a particular focus on the shift toward 24/7 trading, settlement and collateral mobility. We'll discuss the practical realities of always-on markets – from atomic settlement and intraday liquidity to the implications for treasury operations and risk frameworks built around traditional market hours. We'll also look at the wider use-case landscape emerging across tokenised money market funds, T-Bills, private credit and on-chain repo, and how programmability is unlocking applications with no analogue in traditional finance, as well as creating innovative products, such as perpetual treasuries. Participants will share views on where institutional adoption is accelerating, the gaps still to be bridged and how firms should position themselves as TradFi and digital asset markets continue to converge.
Hosted by: Pantera Capital
This roundtable will explore the increasingly important intersection of artificial intelligence and blockchain, as entrepreneurs begin building systems that combine the strengths of both technologies. In recent years, artificial intelligence has shifted from promising technology to a foundational layer of modern business, while blockchain has matured beyond cryptocurrencies into infrastructure for coordinating trust, ownership and incentives across decentralised systems. The discussion will examine the many ways blockchain can uniquely enable AI development, and how AI may in turn accelerate economic activity on blockchain networks. The focus will be on why the limited attention paid to how these two technologies reinforce one another may be a significant oversight, and where the most compelling opportunities at this intersection are beginning to emerge.
