Alisa Davidson
Printed: February 10, 2026 at 9:00 am Up to date: February 10, 2026 at 6:04 am
Edited and fact-checked:
February 10, 2026 at 9:00 am
In Temporary
From 2023 to 2026, from Hong Kong to a worldwide stage, establishments from all over the world convened as soon as once more. As the subsequent decade of digital property unfolds, LTP appears to be like forward alongside the business.
From 2023 to 2026, from Hong Kong to a worldwide stage, establishments from all over the world convened as soon as once more. As the subsequent decade of digital property unfolds, LTP appears to be like forward alongside the business.
What does it really feel like to look at—at shut vary—the front-line pulse of digital property and conventional finance (TradFi) amid market volatility?
On February 9, 2026, Liquidity 2026, the annual flagship institutional digital asset summit hosted by LTP Hong Kong, concluded efficiently in Hong Kong. Now in its fourth consecutive yr, the occasion as soon as once more introduced collectively senior representatives from hedge funds, market makers, high-frequency buying and selling corporations, household places of work, asset managers, exchanges, custodians, banks, and know-how service suppliers, marking one other milestone within the accelerating convergence of digital property and conventional monetary markets.
All through the full-day agenda, the summit featured keynote addresses, fireplace chats, and in-depth roundtable discussions. Audio system and individuals engaged in rigorous exchanges across the evolution of the worldwide monetary system, the rise of tokenization, and the fast integration of multi-asset ecosystems—exploring what new alternatives and new paradigms might emerge as institutional adoption deepens.
Because the summit drew to a detailed, a transparent consensus emerged throughout numerous views: at a turning level within the reshaping of the worldwide monetary panorama, infrastructure improvement, regulatory dialogue, and cross-institutional collaboration would be the crucial variables shaping the business’s sustainable development.
This was not merely a discussion board for concepts, however a defining step within the digital asset business’s development towards standardization, institutionalization, and mainstream relevance.
Full Agenda Highlights and Key Takeaways
At Liquidity 2026, LTP convened world specialists to look at 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 Convergence: Compatibility and Resilience
Members broadly agreed that crypto property are more and more being redefined as a core asset class that should be built-in into institutional portfolio administration frameworks, moderately than handled as a standalone various market. Stephan Lutz, CEO of BitMEX, famous that CIOs can now not afford to disregard this asset class. As establishments formally incorporate digital property into allocation frameworks, the design logic of buying and selling programs is shifting—from pursuing peak efficiency to enabling seamless integration inside current governance buildings, API architectures, and danger controls.
System resilience was repeatedly emphasised. Tom Higgins, Founder and CEO of Gold-i, remarked throughout a roundtable that system design should assume failure as inevitable, with redundancy and survivability achieved via multi-venue aggregation. At a macro stage, regulatory fragmentation stays a key impediment to world market interoperability; with out cross-jurisdictional alignment, real multi-asset convergence will stay constrained.
The New Settlement Layer: Clearing, Custody, and Interoperability
Discussions round settlement and custody pointed to a transparent path: custodians are evolving from passive asset safekeeping towards changing into a core infrastructure layer supporting clearing, settlement, and danger administration. As institutional participation grows, custody is now not seen solely as a compliance requirement, however as a crucial nexus connecting regulatory certainty with operational scalability.
The definition of belief can be evolving. Ian Loh, CEO of Ceffu, emphasised that belief should be embedded in executable on-chain mechanisms, with property producing tangible yield via collaboration between custodians and prime brokers. The significance of mature third-party know-how has grow to be more and more evident. Amy Zhang, Head of APAC at Fireblocks, highlighted the business’s rising reliance on established infrastructure suppliers, noting that Europe is rising as a strategic hub for institutional digital property on account of its regulatory readability and infrastructure maturity.
Technological redundancy was extensively seen as important to mitigating systemic disruptions. As Darren Jordan, Chief Business Officer at Komainu, noticed, the way forward for custody lies in asset usability—shifting the core query from whether or not property are safely saved as to if they are often securely and reliably mobilized.
Rebuilding Infrastructure and the Worth of Knowledge
Johann Kerbrat, SVP and GM of Robinhood Crypto, shared how Robinhood is evolving from a crypto buying and selling platform right into a general-purpose monetary infrastructure supplier, leveraging blockchain to re-architect funds, settlement, and conventional asset buying and selling—whereas abstracting complexity away from the top person.
In his view, TradFi’s core bottleneck stays settlement effectivity, typically working at T+1 or longer, whereas crypto-native programs supply 24/7 availability, near-instant transfers, and composability that materially cut back capital prices and counterparty danger. Inside regulatory frameworks, Robinhood is advancing fairness tokenization on a totally collateralized, 1:1 foundation, anticipating that tokenization will broaden past stablecoins into equities, ETFs, and personal markets. The central problem, he argued, lies not in know-how, however in regulatory implementation and collective adoption.
Cory Bathroom, Head of APAC at Pyth Community, described market information as a structurally underappreciated business—producing over $50 billion in annual income, with information prices rising greater than 15-fold over the previous 25 years. The true price, he famous, stems not from data asymmetry, however from information high quality, which in the end determines whether or not merchants obtain greatest execution.
Pyth Community goals to reconstruct conventional information pipelines by bringing value inputs straight from buying and selling corporations and exchanges right into a shared value layer, which is then redistributed to establishments at larger high quality and decrease price with millisecond-level multi-asset updates. Bathroom disclosed that Pyth Professional attracted over 80 subscribers inside two months of launch, attaining greater than $1 million in ARR in its first month. The venture additionally plans to implement a value-capture mechanism whereby subscription income flows right into a DAO, which repurchases tokens and builds long-term reserves.
Institutional Capital Allocation: From Hypothesis to Systematic Publicity
A notable shift in capital allocation is underway. Institutional capital is rotating away from narrative-driven property towards devices with clear demand drivers and regulatory visibility. Fabian Dori, CIO of Sygnum, noticed that as metaverse narratives light, establishments have refocused on leveraging sensible contracts for value-chain integration and course of automation. Danger administration has more and more displaced return hypothesis as the first screening criterion.
Tokenization is extensively anticipated to drive structural, moderately than incremental, change—however scale will rely upon demonstrable shopper demand moderately than technological functionality alone. Curiosity in index-based and structured merchandise is rising, and Giovanni Vicioso, World Head of Cryptocurrency Merchandise at CME Group, famous that the longer term market panorama will probably be outlined by the coexistence of a number of applied sciences and market buildings.
Buying and selling Convergence: Bridging Liquidity, Pricing, and Danger
In discussions on liquidity and danger administration, individuals centered on system stability throughout excessive market circumstances. Jeremi Lengthy, CIO of Ludisia, highlighted how infrastructure upgrades have materially improved execution high quality, whereas emphasizing that danger administration should be designed for worst-case situations.
Enhancing cross-venue capital effectivity was recognized as a key answer to fragmented capital deployment. Collaborative fashions between exchanges and custodians—enabling shared capital swimming pools—are more and more being explored. On this context, transparency has grow to be paramount. Giuseppe Giuliani, Vice President of Kraken’s Institutional staff, careworn that liquidity is dependent upon dangers being clearly priced, and that change transparency and operational stability straight affect market-maker participation.
Constructing Institutional Rails for the Digital Asset Financial system
On the institutional and infrastructure stage, a number of case research recommend a shift from proof-of-concept to real-world deployment. Stablecoin pilots in insurance coverage and funds exhibit the tangible effectivity positive aspects of on-chain settlement. Some establishments are actually exploring migrating flagship merchandise straight on-chain to entry broader world liquidity.
System stability is more and more seen as a type of income safety. Zeng Xin, Senior Web3 Options Architect at AWS, famous that stability capabilities as “revenue insurance coverage,” with cloud infrastructure offering the resilience and elasticity required for digital markets. In the meantime, conventional regulatory frameworks proceed to impose structural constraints on capital allocation. Sherry Zhu, World Head of Digital Property at Futu Holdings Restricted for Futu Group, emphasised that belief and comfort symbolize core alternatives for brokerage platforms, whereas acknowledging the capital constraints imposed by frameworks resembling Basel. Balancing compliance, privateness, and custody stays a crucial threshold for institutional participation in DeFi.
The whole lot as Collateral: RWA, Stablecoins, and Tokenized Credit score
Debates round whether or not tokenized property can function core collateral are shifting from concept to observe. In contrast with conventional buildings, on-chain collateral—enabled by 24/7 settlement—is best suited to satisfy sudden margin necessities in derivatives markets. Nevertheless, authorized readability stays the figuring out issue.
Chetan Karkhanis, SVP at Franklin Templeton, emphasised the significance of selecting natively on-chain asset buildings moderately than digital replicas, guaranteeing a single supply of authorized reality. Regulatory classification and its affect on capital necessities are equally crucial. Establishments evaluating tokenized collateral are inclined to give attention to 4 dimensions: authorized possession, operational danger, custody preparations, and liquidity depth.
Past the Hype: The place the Trade Goes Subsequent
Because the summit concluded, individuals converged on a shared view: tokenization alone doesn’t represent a aggressive benefit. The true differentiator lies in whether or not it delivers measurable enhancements throughout reserves, buying and selling, or settlement.
Erkan Kaya, CEO of ABEX, advised that tokenization has the potential to completely soak up conventional finance into crypto-native programs, with a tipping level more likely to emerge over the subsequent decade. As regulatory credentials, system stability, and person expertise grow to be decisive components, the evolution of monetary infrastructure seems irreversible. Digital property are now not a peripheral complement to TradFi, however a drive more and more able to reshaping its working logic and energy buildings.
Moses Lee, Head of APAC at Anchorage Digital, summarized the sentiment succinctly: tokenization doesn’t equal success—its worth is dependent upon delivering clear practical benefits in reserves, buying and selling, or settlement.
Closing Ideas
For LTP, the business’s transition right into a extra mature part—marked by the fading of hype—additionally represents the optimum second for infrastructure, compliance, and sustainable innovation to take root. We stay firmly satisfied that lasting worth creation resides within the foundational programs that quietly assist market operations.
From 2023 to 2026, from regional markets to a worldwide perspective, LTP has remained dedicated to observing, documenting, and actively taking part within the structural, institutional, and regulatory evolution of the digital asset business. The profitable conclusion of Liquidity 2026 marks one other significant milestone in our long-term effort to advance the combination of digital property and TradFi.
Wanting forward, LTP will proceed to take a position closely in ecosystem improvement—championing extra resilient infrastructure and extra open collaboration—to assist form the subsequent decade of digital property.
With infrastructure build-out, regulatory engagement, and cross-institutional collaboration converging, a more healthy, extra skilled, and more and more mainstream digital asset period is taking form.
Whereas Liquidity 2026 has simply concluded, the marathon towards deep digital asset–TradFi integration is just coming into its second half. As a long-term participant and observer, LTP will proceed to dedicate sources to ecosystem constructing and business dialogue, serving to to usher within the subsequent decade of digital property.
Disclaimer
In step with the Belief Venture tips, please word that the knowledge offered on this web page just isn’t meant to be and shouldn’t be interpreted as authorized, tax, funding, monetary, or some other type of recommendation. You will need to solely make investments what you possibly can afford to lose and to hunt impartial monetary recommendation you probably have any doubts. For additional data, we propose referring to the phrases and circumstances in addition to the assistance and assist pages offered by the issuer or advertiser. MetaversePost is dedicated to correct, unbiased reporting, however market circumstances are topic to vary with out discover.
About The Writer
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
