At Consensus Hong Kong 2026, the narrative focus among institutional investors is undergoing a structural shift. As regulatory frameworks become increasingly mature, crypto assets are accelerating their integration into institutional portfolios, moving beyond exploratory allocations; however, this transition toward multi-asset allocation also highlights a new theme: while portfolios are expanding across asset classes, cross-system frictions are eroding capital efficiency.

The investment group Avenir Group, dedicated to promoting the integration of traditional finance and digital assets, 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 Tiger Brokers, a leading global tech brokerage; AMINA Bank AG ("AMINA Bank"), a crypto bank regulated by FINMA in Switzerland; and CoinRoutes, a leading multi-asset institutional trading platform, systematically deconstruct the reasons for constrained institutional capital efficiency in a multi-asset environment and jointly explore potential evolutionary directions.

Industry consensus: Underlying restructuring from "asset-oriented" to "funding-oriented"

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 single asset classes 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, inherent differences across assets—from price volatility to settlement cycles—can lead to hidden capital occupancy and execution frictions. These are no longer merely operational inconveniences but may become significant structural constraints affecting overall capital efficiency.

Roundtable guests shared deep insights from different stages of the value chain:

· Coordinated utilization of capital efficiency: Felix Huang Shuojun, Global Partner of Tiger International 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 within a unified framework.

· Efficient execution and liquidity alignment: Ian Weisberger, CEO and co-founder of CoinRoutes, added that misaligned clearing rhythms leave large amounts of 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.

· Compliance-first infrastructure: Myles Harrison, Chief Product Officer at 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.

Jacob Zhong, Partner in Strategic Investment and Partnership Management at Avenir Group, said: "Based on comprehensive industry insights, the evolution direction of infrastructure has become relatively clear. As institutional participation in multi-asset environments deepens, the market is increasingly in need of infrastructure that enables unified fund orchestration across assets, synchronized trade execution and clearing rhythms, and embeds compliance capabilities natively (rather than as retroactive patches). In this direction, more integrated and regulatory-adaptable infrastructure is gradually becoming a critical enabler for enhancing capital efficiency and supporting scaled multi-asset operations."

Co-building an ecosystem: advancing the evolution of financial infrastructure through collaborative action

At the conclusion of the panel discussion, Avenir Group formally signed a Memorandum of Understanding (MOU) with Tiger Brokers, AMINA Bank, and CoinRoutes 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 — no longer determined solely by market access capabilities, but by the systemic ability to centrally manage and flexibly allocate capital within a compliance framework.

Avenir Group looks forward to collaborating with a broader range of financial institutions and technology partners. By fostering dialogue and collaboration across the ecosystem, Avenir Group aims to work with industry partners to jointly advance a more synergistic and scalable infrastructure pathway, gradually turning capital efficiency improvements from industry consensus into verifiable practice.

About Avenir Group

Avenir Group is a cutting-edge investment group focused on driving the integration of traditional finance and digital assets, building financial infrastructure for the future. The group adopts an integrated strategy of "investment-hatching-operation," with its core investment landscape centered on digital asset management, trading and financial services platforms, PayFi infrastructure, and real-world asset (RWA) digitization, providing the industry with institutional-grade products and services to continuously promote financial innovation and the development of emerging technologies. As Asia's largest institutional holder of Bitcoin ETFs, 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

This article is submitted by a contributor and does not represent the views of BlockBeats.

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