Live at Consensus Hong Kong 2026, the narrative of institutional investors is undergoing a structural shift. As the regulatory framework matures, crypto assets have transitioned from exploratory allocation to accelerated integration into institutional portfolios; however, this transition to a multi-asset allocation has also highlighted a new theme: while portfolios are expanding across asset classes, cross-system frictions are diluting capital efficiency.

Committed to driving the integration of traditional finance and digital assets, the investment group Avenir Group has observed that as institutional participation scales up, the completeness of infrastructure is increasingly impacting institutional capital efficiency. As the official partner of Consensus Hong Kong 2026, Avenir Group initiated a roundtable discussion titled "Next-Generation Institutional Trading Infrastructure." Industry leaders from the globally leading tech broker Tiger International, the Swiss FINMA-regulated crypto bank AMINA Bank AG ("AMINA Bank"), and the leading multi-asset institutional trading platform CoinRoutes systematically dissected the reasons limiting institutional capital efficiency in a multi-asset environment and collectively explored possible evolutionary directions.

Industry Consensus: Underlying Restructuring from "Asset-Centric" to "Capital-Centric"

During the discussion, all parties reached a core consensus: the industry must transition from an "Asset-Centric" infrastructure framework to a "Capital-Centric" framework.

In the past, a model centered around assets and optimized for a single asset class could meet the demands; however, in the era of complex multi-asset markets, this model may incur a degree of capital efficiency consumption. When institutions concurrently manage traditional assets and digital assets, the inherent differences between various assets, from price volatility to settlement cycles, can lead to implicit capital allocation and execution frictions. These are no longer just operational inconveniences but may become significant structural constraints affecting overall capital efficiency.

The roundtable guests shared deep insights from different parts of the value chain:

· Holistic Capital Efficiency: Felix Huang Shuojun, Global Partner at Tiger International Group, pointed out that traditional markets have improved capital efficiency through margin interoperability; however, the introduction of digital assets has disrupted this synergy. Existing systems are mostly designed around "asset segregation" rather than "holistic fund efficiency," making it difficult for institutions to achieve cross-asset capital allocation within a unified framework.

· Efficient Execution and Liquidity Linkage: Ian Weisberger, CEO and Co-Founder of CoinRoutes, added that the misalignment of clearing rhythms leaves a significant amount of funds idle during trading lulls. What institutions urgently need is a unified execution capability for cross-market, multi-legged strategies, and flexible rotation of positions and risks across different asset classes.

· Compliance-First Infrastructure: AMINA Bank's Chief Product Officer Myles Harrison emphasized that compliance is not the opposite of efficiency but a prerequisite for the secure operation of the system. The pain point lies in the industry's lack of a natively multi-asset-supporting infrastructure that combines high transparency and scalability, thus unlocking capital potential within a global compliance framework.

Avenir Group's Strategic Investment and Partnership Management Partner Jacob Zhong stated: "Based on comprehensive industry insights, the evolution direction of infrastructure has become relatively clear. As institutional involvement in a multi-asset environment deepens, the market increasingly needs an infrastructure that can achieve cross-asset fund uniform allocation, synchronized trade execution and clearing pace, and embed compliance capabilities into the native system (rather than through post-patch solutions). In this direction, a more integrated infrastructure with regulatory adaptability is gradually becoming a key support to enhance capital efficiency and facilitate cross-asset operational scale."

Building the Ecosystem: Advancing Financial Infrastructure Evolution through Collaborative Action

At the conclusion of the panel discussion, Avenir Group, Tiger Brokers, AMINA Bank, and CoinRoutes officially signed a Memorandum of Understanding (MOU) for strategic cooperation to explore potential future collaborations.

The convergence of traditional finance and digital assets is not merely an integration at the single technology or product level but a progressive systemic compliance engineering. As multi-asset allocation becomes the norm, the competitive focus between institutions is shifting—not solely based on market access capability but on the systemic ability to uniformly 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 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 path, gradually shifting the enhancement of capital efficiency from industry consensus to verifiable practices.

About Avenir Group

Avenir Group is an emerging investment group focused on driving the convergence of traditional finance and digital assets, building future-oriented financial infrastructure. The group adopts an integrated "Invest–Incubate–Operate" strategy, with its core investment portfolio focusing on digital asset management, trading and financial services platforms, Payment Financial (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 the largest Bitcoin ETF institutional holder in Asia, Avenir Group expands its business globally, covering locations such as Hong Kong, Singapore, Tokyo, London, and San Francisco. Leveraging its strong capital base and professional operational capabilities, the group is committed to becoming a strategic hub connecting Eastern and Western capital, driving global capital’s efficient flow and collaboration. Learn more at: https://avenirx.com

This article is a contributed piece and does not represent the views of BlockBeats.

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