In Consensus Hong Kong 2026 on-site, the narrative focus of institutional investors is undergoing a structural shift. As regulatory frameworks become increasingly mature, crypto assets are accelerating from exploratory allocations into institutional portfolios; however, this transition toward multi-asset allocation also highlights a new theme: while portfolios are expanding across asset classes, cross-system frictions are diluting capital efficiency
Investment group dedicated to promoting the integration of traditional finance and digital assets Avenir Group observes that as institutional participation scales, the maturity of infrastructure is increasingly impacting institutional capital efficiency. As an official partner of Consensus Hong Kong 2026 , Avenir Group has initiated a roundtable discussion titled"Next-Generation Institutional Trading Infrastructure". Industry leaders from global leading tech brokerage Tiger Brokers, Swiss FINMA -regulated crypto bank AMINA Bank AG (“AMINA Bank”) , and leading multi-asset institutional trading platform CoinRoutes will systematically deconstruct the reasons for constrained institutional capital efficiency in a multi-asset environment and jointly explore potential evolutionary directions.
Industry consensus: from“asset-oriented”to“fund-oriented”underlying restructuring
During the discussion, all parties reached a core consensus: the industry must shift from an "Asset-Centric" infrastructure framework to a “Capital-Centric）” framework.
In the past, asset-centric models optimized for a single asset class were sufficient to meet demand; however, in the era of complex multi-asset markets, such models may entail a certain degree of capital efficiency loss. When institutions manage traditional and digital assets in parallel, the inherent differences between asset types—ranging from price volatility to clearing and settlement cycles—can lead to hidden capital lock-up and execution friction. These are no longer merely operational inconveniences but may become significant structural constraints affecting overall capital efficiency..
Roundtable participants shared deep insights from different stages of the value chain:
- · Capital efficiency coordination: Felix Huang Shuojun, Global Partner of Tiger Group, pointed out that traditional markets improved capital utilization through margin interoperability; however, the addition of digital assets has forced this synergy to be interrupted. Existing systems are mostly designed around "asset segregation" rather than "overall capital efficiency", making it difficult for institutions to achieve cross-asset capital allocation under a unified framework.
- · Efficient execution and liquidity integration: Ian Weisberger, CEO and co-founder of CoinRoutes, added that misaligned clearing rhythms leave substantial capital idle during trading gaps. Institutions urgently need unified execution capabilities for cross-market, multi-leg strategies, as well as flexible rotation of positions and risk across asset classes.
- · Infrastructure with compliance first: Myles Harrison, Chief Product Officer of AMINA Bank, emphasized that compliance is not the opposite of efficiency, but a prerequisite for the secure operation of systems. The pain point lies in the industry's lack of native infrastructure that supports multiple assets with high transparency and scalability, thereby unlocking capital potential within global compliance frameworks.
Avenir Group 战略投资与合作管理合伙人 Jacob Zhong 表示：“综合行业洞察，基础设施的演进方向已经相对清晰。随着机构在多资产环境下的参与不断加深，市场正越来越需要一种能够实现跨资产资金统一调度、同步交易执行与清算节奏、并将合规能力嵌入原生体系之中（而非事后补丁式）的基础设施。在这一方向上，更加一体化、且具备监管适配能力的基础设施，正逐步成为提升资本效率、支持跨资产规模化运作的重要支撑。”
Co-building ecosystem: Promoting the evolution of financial infrastructure through collaborative actionsprogress
At the conclusion of the panel discussion,Avenir GroupandTiger Brokers,AMINA BankandCoinRoutesformally signed a Memorandum of Understanding (MOU) to explore potential future collaborations.
The integration of traditional finance and digital assets is not merely an integration at the level of a single technology or product, but a progressive, systematic compliance initiative. As multi-asset allocation becomes the norm, the focus of competition among institutions is shifting—away from merely market access capabilities, toward systemic capabilities for unified management and flexible allocation of capital within a compliance framework.
Avenir Group expects to collaborate with a broader range of financial institutions and technology partners. By promoting dialogue and collaboration across the entire ecosystem,Avenir Group aims to work with industry partners to jointly advance a more collaborative and scalable infrastructure pathway, gradually transforming capital efficiency improvements from industry consensus into verifiable practice.
关于Avenir Group
Avenir Group is a new-generation investment group focused on promoting the integration of traditional finance and digital assets, building financial infrastructure for the future. The group adopts an integrated strategy of "investment — incubation — operation," with its core investment focus on digital asset management, trading and financial services platforms, payment finance (PayFi) infrastructure, and real-world asset (RWA) digitization, providing the industry with institutional-grade products and services, continuously driving financial innovation and the development of emerging technologies. As Asia's largest institutional holder of Bitcoin ETF, Avenir Group expands its business globally, covering Hong Kong, Singapore, Tokyo, London, San Francisco, and other locations. Leveraging solid capital strength and professional operational capabilities, the group is committed to becoming a strategic hub connecting Eastern and Western capital, driving efficient global capital flow and collaboration. Learn more:https://avenirx.com