Consensus Live | Avenir Group, Tiger, AMINA, and CoinRoutes Discuss Institutional Capital Efficiency and Financial Infrastructure Evolution

marsbit2026-02-11 tarihinde yayınlandı2026-02-11 tarihinde güncellendi

Özet

At Consensus Hong Kong 2026, the institutional investment narrative is structurally shifting toward multi-asset allocation, yet cross-system frictions are diluting capital efficiency. Avenir Group, in partnership with Tiger Brokers, AMINA Bank, and CoinRoutes, led a roundtable on next-generation institutional trading infrastructure. Key consensus emerged: the industry must transition from an asset-centric to a capital-centric framework to optimize efficiency in a multi-asset environment. Panelists highlighted challenges including fragmented capital utilization due to segregated systems, misaligned clearing cycles causing idle capital, and the need for natively compliant, scalable infrastructure. Avenir Group and partners signed an MOU to explore collaborative solutions, emphasizing that future competitiveness hinges on unified capital management and cross-asset operational capabilities within regulatory frameworks.

At Consensus Hong Kong 2026, the narrative focus of institutional investors is undergoing a structural shift. As regulatory frameworks mature, crypto assets are accelerating their integration into institutional portfolios, moving beyond exploratory allocations. However, this transition towards multi-asset allocation has highlighted a new theme: although portfolios are expanding across asset classes, cross-system friction is diluting capital efficiency.

Avenir Group, an investment group dedicated to promoting the integration of traditional finance and digital assets, has observed that as the scale of institutional participation grows, the completeness of infrastructure is increasingly impacting institutional capital efficiency. As an official partner of Consensus Hong Kong 2026, Avenir Group 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 systematically deconstructed the reasons behind constrained capital efficiency in a multi-asset environment and jointly explored potential evolutionary directions.

Industry Consensus: A Foundational Restructuring from "Asset-Oriented" to "Capital-Oriented"

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

In the past, an asset-centric model, optimized for single asset classes, could meet demands. However, in the complex era of multi-asset markets, this model may lead to a certain degree of capital efficiency drain. When institutions manage traditional and digital assets in parallel, the inherent differences between these assets—from price volatility to clearing and settlement cycles—result in hidden capital occupation and execution friction. These are no longer mere operational inconveniences but can become significant structural constraints affecting overall capital efficiency.

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

· Holistic Capital Efficiency Utilization: Felix Huang Shuojun, Global Partner at Tiger Brokers International, pointed out that traditional markets improve capital utilization through margin interoperability; however, the inclusion of digital assets disrupts this synergy. Existing systems are often 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 misaligned clearing rhythms leave substantial funds idle during trading gaps. What institutions urgently need is unified execution capability across markets and for multi-leg strategies, as well as flexible rotation of positions and risk across different 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 safe operation of the system. The pain point lies in the industry's lack of a natively multi-asset supportive infrastructure that also possesses high transparency and scalability, thereby unlocking capital potential within a global compliance framework.

Jacob Zhong, Managing Partner of Strategic Investment and Cooperation at Avenir Group, stated: "Synthesizing industry insights, the direction of infrastructure evolution has become relatively clear. As institutional participation in multi-asset environments deepens, the market increasingly requires an infrastructure capable of unified cross-asset capital allocation, synchronized trading execution and clearing rhythms, and embedding compliance capabilities natively into the system (rather than as an afterthought patch). In this direction, more integrated and regulation-adaptive infrastructure is gradually becoming a crucial support for enhancing capital efficiency and enabling cross-asset operations at scale."

Building the Ecosystem Together: Advancing Financial Infrastructure Evolution Through Collaborative Action

At the conclusion of the thematic discussion, Avenir Group, Tiger Brokers, AMINA Bank, and CoinRoutes formally signed a Memorandum of Understanding (MOU) to explore potential future cooperation.

The integration of traditional finance and digital assets is not merely a technical or product-level consolidation but a progressive, systematic compliance engineering project. As multi-asset allocation becomes the norm, the competitive focus among institutions is shifting—it no longer depends solely on market access capabilities but on the systemic ability to manage and flexibly allocate capital under a compliance framework.

Avenir Group looks forward to collaborating with a broader range of financial institutions and technology partners. By fostering dialogue and cooperation across the entire ecosystem, Avenir Group aims to join hands with industry partners to jointly promote a more synergistic and scalable infrastructure path, gradually turning the enhancement of capital efficiency from an industry consensus into verifiable practice.

About Avenir Group

Avenir Group is a pioneering investment group focused on driving the integration of traditional finance and digital assets, building the financial infrastructure of the future. The group adopts an integrated "Investment—Incubation—Operation" strategy, with a core investment portfolio focusing on digital asset management, trading and financial services platforms, payment finance (PayFi) infrastructure, and real-world asset (RWA) tokenization, providing the industry with institutional-grade products and services, and continuously promoting financial innovation and the development of emerging technologies. As the largest institutional holder of Bitcoin ETFs in Asia, Avenir Group expands its business globally, covering Hong Kong, Singapore, Tokyo, London, San Francisco, and more. Leveraging robust 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

İlgili Sorular

QWhat is the main shift in the narrative focus for institutional investors at Consensus Hong Kong 2026, as discussed by Avenir Group and partners?

AThe narrative focus is shifting structurally from exploratory allocation of crypto assets to their accelerated integration into institutional portfolios, highlighting the theme that cross-system friction is diluting capital efficiency despite multi-asset expansion.

QAccording to the roundtable, what fundamental change is needed in infrastructure frameworks to improve capital efficiency in multi-asset environments?

AThe industry must transition from an 'Asset-Centric' infrastructure framework to a 'Capital-Centric' one to enable unified capital scheduling across assets, synchronized execution and settlement rhythms, and natively embedded compliance capabilities.

QWhat specific capital efficiency challenge did Felix Huang Shuojun from Tiger International highlight regarding digital assets?

AHe pointed out that while traditional markets improve capital utilization through margin interoperability, the inclusion of digital assets disrupts this synergy. Existing systems designed for 'asset isolation' rather than 'overall capital efficiency' hinder unified cross-asset capital scheduling.

QHow did Ian Weisberger of CoinRoutes and Myles Harrison of AMINA Bank contribute to the discussion on infrastructure needs?

AIan Weisberger emphasized the need for unified execution capabilities across markets and flexible rotation of positions and risk between asset classes, citing idle funds due to misaligned settlement cycles. Myles Harrison stressed the necessity for native multi-asset infrastructure with high transparency and scalability that operates within global compliance frameworks to unlock capital potential.

QWhat action did Avenir Group and its partners take following the roundtable discussion, and what is their broader goal?

AThey signed a strategic Memorandum of Understanding (MOU) to explore future collaboration. Avenir Group aims to work with financial institutions and tech partners to promote dialogue and cooperation, advancing more synergistic and scalable infrastructure paths to turn capital efficiency consensus into verifiable practice.

İlgili Okumalar

Raising Interest Rates Is Not a Tech Killer, EPS Is: A Strategy for Discarding the Weak and Retaining the Strong After the AI Theme's Sharp Decline

**Summary: Rising Interest Rates Are Not the Killer of Tech; EPS Is: The "Keep the Strong, Ditch the Weak" Strategy After the AI Theme Plunge** The author argues that the sharp sell-off in tech and AI-related stocks, triggered by a strong US jobs report that heightened Fed rate hike fears, represents a "pullback to pick up passengers" rather than a "car crash." The true end of a tech bull market is not determined by an extra 25 basis point hike, but by industry overcapacity and the disproval of earnings per share (EPS) expectations. Historical analysis shows that during past rate hike cycles, the Nasdaq-100 often outperformed, provided EPS growth remained strong. The current phase is seen as a shift from a "broad narrative-driven rally" to a "focused verification stage" for AI. The investment strategy should be to "keep the strong, ditch the weak." * **Retain exposure** to high-conviction AI infrastructure leaders with clear order visibility, stable margins, strong cash flow, and upward EPS revisions (e.g., AI servers, advanced packaging, optical modules, key cloud suppliers). * **Reduce exposure** to high-beta, narrative-driven stocks with unclear profit paths (e.g., some quantum computing, space, or speculative chip stocks), especially on rebounds. Valuation concerns should focus on whether earnings can catch up to high multiples, not on high P/E alone. Crowded positioning signals a concentration into quality assets, not necessarily a market top. The upcoming Q2 earnings season will be a key validation point. The core principle is to hold stocks with proven EPS, while using macro events (CPI data, central bank meetings) to manage timing and risk.

marsbit34 dk önce

Raising Interest Rates Is Not a Tech Killer, EPS Is: A Strategy for Discarding the Weak and Retaining the Strong After the AI Theme's Sharp Decline

marsbit34 dk önce

The Largest IPO in History Ignites Heated Debate: Is SpaceX Worth $1.77 Trillion?

SpaceX's potential IPO is priced at $135 per share, aiming to raise $75 billion and valuing the company at approximately $1.77 trillion, which would make it the largest IPO in history. This valuation has sparked intense debate among investors. Bullish analysts, including major underwriters Goldman Sachs and Morgan Stanley, argue the valuation is justified by SpaceX's long-term potential. They see it not just as a rocket company but as a future leader in space infrastructure, with key growth drivers being Starlink satellite internet, low-cost rocket launches, and future AI-related ventures. They project revenues reaching hundreds of billions to trillions of dollars by 2030-2040. ARK Invest's model suggests a 2030 enterprise value could reach $2.5 trillion. Bearish analysts from independent research firms like Morningstar, PitchBook, and New Constructs contend the IPO price is excessively high, already pricing in unrealistic future growth. Using DCF and sum-of-the-parts models, they estimate fair value between $780 billion and $1.7 trillion, significantly below the IPO target. They highlight risks such as the speculative nature of AI projections, over-dependence on Elon Musk, high growth expectations, and corporate governance concerns. Trefis set a target price of just $79 per share. While both sides acknowledge SpaceX's unique position in commercial space, the core disagreement centers on whether the $135 share price offers a reasonable margin of safety or is overly optimistic. Despite the valuation controversy, reported strong demand for the IPO indicates significant market interest.

marsbit2 saat önce

The Largest IPO in History Ignites Heated Debate: Is SpaceX Worth $1.77 Trillion?

marsbit2 saat önce

After the Passage of the GENIUS Act and the CLARITY Act, What Is the Correct Architecture for On-Chain Yield?

The article discusses the evolution of on-chain credit, distinguishing three markets: overcollateralized crypto lending, unsecured lending (largely unsuccessful), and asset-backed credit (ABC). ABC, backed by identifiable real-world collateral with legal recourse, is identified as the fastest-growing category and the only one credibly addressing adverse selection—the core problem in credit where the riskiest borrowers self-select. Current growth in on-chain Real World Assets (RWAs), particularly tokenized private credit funds (e.g., Maple Finance, Centrifuge), is substantial but often merely "wraps" existing fund structures, inheriting their risks rather than solving adverse selection at the protocol level. The regulatory landscape is a key driver, with the US GENIUS Act (prohibiting stablecoin issuers from paying yield) and the proposed CLARITY Act (closing loopholes on indirect yield) set to redefine permissible yield-bearing products. This makes vaults (like ERC-4626) the critical architecture—they become the primary compliant vehicle for delivering yield, functioning as issuance, disclosure, distribution, and recovery mechanisms. The author's thesis is that the correct post-GENIUS/CLARITY architecture involves building ABC solutions where credit assessment, structure, and recovery are encoded directly into the smart contract vault layer, moving beyond mere tokenized fund wrappers to solve adverse selection fundamentally and ensure regulatory compliance.

Foresight News2 saat önce

After the Passage of the GENIUS Act and the CLARITY Act, What Is the Correct Architecture for On-Chain Yield?

Foresight News2 saat önce

İşlemler

Spot
Futures
活动图片