Something is shifting in global finance. The rise of tokenized real-world assets (RWAs). The convergence of TradFi and DeFi. The institutional embrace of on-chain infrastructure. At the center of it all, CapitalX feat. ONCHAIN returns on September 30, 2025, reimagined as a festival-style experience. Hosted by DigiFT, Saison Capital和 Libeara, the event brings together allocators, asset managers, regulators, founders, and builders across two iconic venues in Singapore. It’s designed to surface the next phase of on-chain capital markets through high-signal, multi-format conversations.
Why Now?
Because the market has moved. As of June 2025, the value of tokenized RWAs has surpassed US$24 billion, up from US$15.8 billion at the start of the year. Tokenized U.S. Treasuries now account for over 30% of this total, led by initiatives from BlackRock, Franklin Templeton, UBS Asset Management, and Wellington Management.
Private credit is gaining traction too—making up nearly 60% of RWA tokenization volume. Institutional interest is accelerating. According to Coinbase’s 2025 Institutional Investor Survey, 76% of institutions plan to increase their digital asset allocations, with nearly 60% allocating over 5% of AUM to tokenized or digital products.
Institutions are no longer asking if. They’re asking how—and with whom.
CapitalX: Where Conversations Move Markets
The main stage at CapitalX surfaces the most urgent themes shaping institutional DeFi and digital asset infrastructure today.
Web3 and Web3 are converging. In today’s digital economy, the boundaries between Web3/tech-native and Web2/finance-native institutions are blurring fast. Web3 firms are learning from the operational discipline of regulated players—while Web3 giants adopt Web3-native primitives to rethink infrastructure, incentives, and access. At CapitalX, we’ll bring together leaders across both domains to explore how governance, innovation, and market design are evolving at the intersection.
A new DeFi era is underway. After the hype, strategy is shifting back to fundamentals. Structured products, protocol-native arbitrage, and MEV-aware execution are emerging as sustainable alpha strategies—reshaping how institutions approach DeFi infra and liquidity.
The regulatory perimeter is shifting. From the U.S. GENIUS Act to Hong Kong’s FRS Stablecoin Bill, frameworks are diverging across jurisdictions. We’ll examine how protocols, platforms, and funds are navigating licensing, enforcement, and market readiness in a fast-evolving landscape.
ONCHAIN: The RWA Track, Reinvented
Curated by Saison Capital, ONCHAIN returns as Asia’s first dedicated RWA conference—this year embedded as a featured track at CapitalX.
Fixed income is leading the charge. As the largest RWA category, tokenized fixed income is moving from isolated protocols into fully regulated fund structures. Over US$7.3 billion in tokenized Treasuries are now live on-chain, driven by BlackRock, Franklin Templeton, and JPMorgan. We’ll explore how institutional-grade credit funds are unlocking new capital flows and integrating with traditional asset management platforms.
Emerging markets are setting the pace. In countries like Brazil and Nigeria, regulators are laying the groundwork for tokenized asset adoption. For example, Nigeria’s Investments and Securities Act 2025 formally recognizes digital assets and empowers the SEC to regulate VASPs and tokenized offerings. We’ll examine why emerging markets are becoming proving grounds for RWA deployment—with regulatory clarity, digital infrastructure, and local demand as catalysts.
Infrastructure remains the linchpin. Custody, compliance, settlement, and interoperability remain critical barriers (and enablers) for institutional participation. A 2025 Ripple–BCG report forecasts tokenized RWAs could reach US$19 trillion by 2033, but highlights infrastructure readiness as a top constraint.
ONCHAIN convenes the builders solving these challenges—from compliance rails and custodians to cross-chain asset networks.
Where It Happens—and What Comes Next
CapitalX feat. ONCHAIN will take place on September 30, 2025, across two dynamic venues in Singapore: Artemis Grill & Sky Bar and Vatos Kitchen & Bar. This dual-location format is designed to encourage curated collisions, ecosystem exchanges, and real-time collaboration across institutions and innovators.
In the coming weeks, we’ll unveil speakers, panels, and ecosystem activations. If you’re allocating into on-chain finance, building its rails, or regulating its future—this is where the next chapter begins.
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