At Consensus Hong Kong 2026, the narrative focus of institutional investors is undergoing a structural shift. As the regulatory framework matures, cryptocurrencies have transitioned from exploratory allocations to being increasingly integrated into institutional portfolios; however, this transition to multi-asset allocation has also highlighted a new theme: despite portfolios expanding across asset classes, friction across systems dilutes capital efficiency.

The investment group Avenir Group, dedicated to promoting the integration of traditional finance and digital assets, observed that as the scale of institutional participation expands, the robustness of infrastructure increasingly impacts institutional capital efficiency. As the official partner of Consensus Hong Kong 2026, Avenir Group initiated a roundtable discussion titled "Next-Gen Institutional Trading Infrastructure." Industry leaders from globally leading tech brokerage Tiger International, Swiss FINMA-regulated crypto bank AMINA Bank AG (“AMINA Bank”), and the leading multi-asset institutional trading platform CoinRoutes systematically analyzed the reasons for the limitations on institutional fund efficiency in a multi-asset environment and explored possible evolutionary directions together.

Industry Consensus: From "Asset-Oriented" to "Capital-Oriented" Underlying Reconstruction

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, the asset-centric model optimized for a single asset class still met demand; however, in the complex multi-asset market era, this model may have a certain degree of capital efficiency consumption. When institutions simultaneously manage traditional and digital assets, the inherent differences between different asset classes, from price volatility to settlement cycles, can lead to invisible capital occupation and execution friction. These issues are no longer merely operational inconveniences but may become significant structural constraints affecting overall capital efficiency.

Roundtable guests shared deep insights from different links in the value chain:

· Coordinated Capital Utilization: Felix Huang Shuojun, Global Partner at Tiger International Group, pointed out that traditional markets improve capital utilization through margin interconnectivity; however, the addition of digital assets disrupts this synergy. Most existing systems are designed around "asset isolation" rather than "overall capital 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 misalignment in the pace of clearing leaves a significant amount of funds idle during trading gaps. What institutions need urgently is a unified execution capability for multi-market, multi-leg strategies, as well as flexible rotation of positions and risks across different asset classes.

· Compliance-First Infrastructure: Myles Harrison, Chief Product Officer of AMINA Bank, emphasized that compliance is not the opposite of efficiency but the premise for the safe operation of systems. The pain point is that the industry lacks a set of native infrastructure that supports multi-assets while possessing high transparency and scalability, thereby releasing capital potential within the global compliance framework.

Jacob Zhong, Strategic Investment and Partnership Management Partner at Avenir Group, stated: "Based on comprehensive industry insights, the evolutionary direction of infrastructure has become relatively clear. As institutional participation deepens in a multi-asset environment, the market increasingly requires infrastructure that can achieve unified capital allocation across assets, synchronized trading execution and clearing rhythm, and embed compliance capability into the native system (rather than as an afterthought). In this direction, more integrated infrastructure with regulatory adaptability is gradually becoming an important support for enhancing capital efficiency and supporting cross-asset scalability."

Co-Building the Ecosystem: Promoting the Evolution of Financial Infrastructure through Collaborative Action

At the conclusion of the thematic discussion, Avenir Group officially signed a strategic cooperation memorandum (MOU) with Tiger Brokers, AMINA Bank, and CoinRoutes to explore potential future cooperation.

The integration of traditional finance and digital assets is not just a singular technological or product-level integration but a progressive systemic compliance project. As multi-asset allocation becomes the norm, competition among institutions is shifting — no longer solely dependent on market access capabilities but on the systemic ability to manage and flexibly allocate capital within compliance frameworks.

Avenir Group looks forward to collaborating with a broader range of financial institutions and technology partners. By fostering dialogue and collaboration across the entire ecosystem, Avenir Group aims to work together with industry partners to promote a more synergistic and scalable infrastructure path, gradually advancing the enhancement of capital efficiency from industry consensus to verifiable practice.

About Avenir Group

Avenir Group is an innovative investment group focused on promoting the integration of traditional finance and digital assets, building future-oriented financial infrastructure. The group adopts an "investment-incubation-operation" integrated strategy, with core investment landscapes focusing on digital asset management, trading and financial service platforms, PayFi infrastructure, and the digitization of real-world assets (RWA), providing the industry with products and services that meet institutional-grade standards, continuously driving financial innovation and the development of emerging technologies. As Asia's largest holder of Bitcoin ETFs, Avenir Group is expanding its business globally, covering locations such as Hong Kong, Singapore, Tokyo, London, and San Francisco. Leveraging robust capital strength and specialized operational capabilities, the group strives to become a strategic hub connecting Eastern and Western capital, facilitating the efficient flow and collaboration of global capital. Learn more: https://avenirx.com