Bigger, Broader, More Institutional<\/strong><\/h2>\n\n\n\n<\/div>\n\n\n\n\n\n\n \n \n
Tokenized Finance Quote<\/title>\n <style>\n @import url('https:\/\/fonts.googleapis.com\/css2?family=Figtree:wght@400;500;700&display=swap');\n\n .banner {\n background: #ccddfe;\n width: 100%;\n padding: 20px 40px; \/* top\/bottom 20, left\/right 40 *\/\n box-sizing: border-box;\n border-radius: 25px;\n font-family: 'Figtree', sans-serif;\n }\n .headline {\n font-size: 25px;\n font-weight: 500; \/* medium *\/\n color: #000000;\n margin: 0 0 6px 0; \/* slightly less space below *\/\n line-height: 1.3;\n }\n .subtext {\n color: #1551fe;\n margin: 0;\n font-size: 16px;\n }\n .subtext b {\n font-weight: 700; \/* bold name *\/\n }\n <\/style>\n<\/head>\n<body>\n <div class=\"banner\">\n <p class=\"headline\">Tokenized finance should be normalized\u2014not a headline.<\/p>\n <p class=\"subtext\"><b>Alex Manson<\/b>, CEO of SC Ventures<\/p>\n <\/div>\n<\/body>\n<\/html>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The scale of tokenization continues to expand. <a href=\"https:\/\/app.rwa.xyz\/\">Data from RWA.xyz<\/a> places total tokenized assets (excluding stablecoins) above US$33B as of September 2025, with another US$320B in stablecoins forming the liquidity backbone of on-chain markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Institutional strategies now define much of that activity. BlackRock\u2019s BUIDL, UBS\u2019s uMINT, and Invesco\u2019s iSNR have shown how regulated vehicles can move on-chain while preserving traditional governance and audit standards<\/p>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" decoding=\"async\" width=\"800\" height=\"263\" data-attachment-id=\"8523\" data-permalink=\"https:\/\/insights.digift.io\/zh\/the-state-of-rwas-learnings-from-capitalx-feat-onchain\/capitalx-1\/\" data-orig-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-1.png?fit=3050%2C1000&ssl=1\" data-orig-size=\"3050,1000\" data-comments-opened=\"0\" data-image-meta=\"{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}\" data-image-title=\"CapitalX 1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-1.png?fit=800%2C263&ssl=1\" src=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-1.png?resize=800%2C263&ssl=1\" alt=\"\" class=\"wp-image-8523\" srcset=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-1.png?resize=1024%2C336&ssl=1 1024w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-1.png?resize=300%2C98&ssl=1 300w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-1.png?resize=150%2C49&ssl=1 150w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-1.png?resize=768%2C252&ssl=1 768w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-1.png?resize=1536%2C504&ssl=1 1536w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-1.png?resize=2048%2C671&ssl=1 2048w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-1.png?resize=18%2C6&ssl=1 18w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-1.png?resize=1200%2C393&ssl=1 1200w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-1.png?w=1600&ssl=1 1600w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-1.png?w=2400&ssl=1 2400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">During the headline panel, <a href=\"https:\/\/insights.digift.io\/zh\/capitalx\/#:~:text=Bridging%20Web2%20and%20Web3%3A%20Institutional%20Convergence%20in%20the%20Digital%20Economy\">Bridging Web2 and Web3: Institutional Convergence in the Digital Economy<\/a>, speakers from <strong>Binance<\/strong>, <strong>SC Ventures<\/strong>, <strong>UBS<\/strong>\u548c <strong>DigiFT <\/strong>emphasized that regulatory clarity and client demand are now the primary drivers of institutional entry.<\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n <meta charset=\"UTF-8\" \/>\n <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\"\/>\n <title>Tokenized Finance Quote<\/title>\n <style>\n @import url('https:\/\/fonts.googleapis.com\/css2?family=Figtree:wght@400;500;700&display=swap');\n\n .banner {\n background: #ccddfe;\n width: 100%;\n padding: 20px 40px; \/* top\/bottom 20, left\/right 40 *\/\n box-sizing: border-box;\n border-radius: 25px;\n font-family: 'Figtree', sans-serif;\n }\n .headline {\n font-size: 25px;\n font-weight: 500; \/* medium *\/\n color: #000000;\n margin: 0 0 6px 0; \/* slightly less space below *\/\n line-height: 1.3;\n }\n .subtext {\n color: #1551fe;\n margin: 0;\n font-size: 16px;\n }\n .subtext b {\n font-weight: 700; \/* bold name *\/\n }\n <\/style>\n<\/head>\n<body>\n <div class=\"banner\">\n <p class=\"headline\">Stablecoins are the catalyst for exchange infrastructure\u2014with tokenized finance an operational reality.<\/p>\n <p class=\"subtext\"><b>Henry Zhang<\/b>, Founder & CEO of DigiFT<\/p>\n <\/div>\n<\/body>\n<\/html>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Speakers repeatedly returned to the same friction points\u2014custody, settlement, and integration. Custodians described their evolving role as the connective layer enabling institutional participation, while operators underscored the need for standardized data and compliance frameworks.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:25px\"><strong>Policy Is Getting Read<\/strong><\/h2>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n <meta charset=\"UTF-8\" \/>\n <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\"\/>\n <title>Tokenized Finance Quote<\/title>\n <style>\n @import url('https:\/\/fonts.googleapis.com\/css2?family=Figtree:wght@400;500;700&display=swap');\n\n .banner {\n background: #ccddfe;\n width: 100%;\n padding: 20px 40px; \/* top\/bottom 20, left\/right 40 *\/\n box-sizing: border-box;\n border-radius: 25px;\n font-family: 'Figtree', sans-serif;\n }\n .headline {\n font-size: 25px;\n font-weight: 500; \/* medium *\/\n color: #000000;\n margin: 0 0 6px 0; \/* slightly less space below *\/\n line-height: 1.3;\n }\n .subtext {\n color: #1551fe;\n margin: 0;\n font-size: 16px;\n }\n .subtext b {\n font-weight: 700; \/* bold name *\/\n }\n <\/style>\n<\/head>\n<body>\n <div class=\"banner\">\n <p class=\"headline\">Asia is setting the blueprint for regulated tokenization.<\/p>\n <p class=\"subtext\"><b>Qin En Looi<\/b>, Partner at Saison Capital<\/p>\n <\/div>\n<\/body>\n<\/html>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Hong Kong\u2019s stablecoin licensing regime, effective since August 2025, is establishing expectations for fiat-backed stablecoin issuers. In Singapore, Project Guardian continues to test tokenized funds and repo transactions, marking a decisive shift from pilots to policy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the panel, <strong><a href=\"https:\/\/insights.digift.io\/zh\/capitalx\/#:~:text=Asia%20and%20LATAM%3A%20The%20Next%20Frontiers%20for%20RWA\">Asia and LATAM: The Next Frontiers for RWA<\/a><\/strong>, speakers highlighted Brazil and Indonesia as active testbeds for regulated tokenization. Brazil\u2019s central bank is piloting KYC-linked stablecoin systems with Visa and Microsoft, while Southeast Asia\u2019s fintech sandboxes are shaping early fund distribution models.<\/p>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" decoding=\"async\" width=\"800\" height=\"263\" data-attachment-id=\"8524\" data-permalink=\"https:\/\/insights.digift.io\/zh\/the-state-of-rwas-learnings-from-capitalx-feat-onchain\/capitalx-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-2.png?fit=3050%2C1000&ssl=1\" data-orig-size=\"3050,1000\" data-comments-opened=\"0\" data-image-meta=\"{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}\" data-image-title=\"CapitalX 2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-2.png?fit=800%2C263&ssl=1\" src=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-2.png?resize=800%2C263&ssl=1\" alt=\"\" class=\"wp-image-8524\" srcset=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-2.png?resize=1024%2C336&ssl=1 1024w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-2.png?resize=300%2C98&ssl=1 300w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-2.png?resize=150%2C49&ssl=1 150w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-2.png?resize=768%2C252&ssl=1 768w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-2.png?resize=1536%2C504&ssl=1 1536w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-2.png?resize=2048%2C671&ssl=1 2048w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-2.png?resize=18%2C6&ssl=1 18w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-2.png?resize=1200%2C393&ssl=1 1200w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-2.png?w=1600&ssl=1 1600w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-2.png?w=2400&ssl=1 2400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Globally, frameworks such as the EU\u2019s MiCA and the proposed U.S. GENIUS Act are introducing standardized disclosure and custody rules. Yet implementation varies by jurisdiction: China\u2019s CSRC recently advised brokers to pause Hong Kong RWA activity, reflecting how uneven progress remains. That said, the overall mood was optimistic: regulation is now viewed as an enabler of participation, not a barrier.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:25px\"><strong>Stablecoins in Real Operations<\/strong><\/h2>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n <meta charset=\"UTF-8\" \/>\n <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\"\/>\n <title>Tokenized Finance Quote<\/title>\n <style>\n @import url('https:\/\/fonts.googleapis.com\/css2?family=Figtree:wght@400;500;700&display=swap');\n\n .banner {\n background: #ccddfe;\n width: 100%;\n padding: 20px 40px; \/* top\/bottom 20, left\/right 40 *\/\n box-sizing: border-box;\n border-radius: 25px;\n font-family: 'Figtree', sans-serif;\n }\n .headline {\n font-size: 25px;\n font-weight: 500; \/* medium *\/\n color: #000000;\n margin: 0 0 6px 0; \/* slightly less space below *\/\n line-height: 1.3;\n }\n .subtext {\n color: #1551fe;\n margin: 0;\n font-size: 16px;\n }\n .subtext b {\n font-weight: 700; \/* bold name *\/\n }\n <\/style>\n<\/head>\n<body>\n <div class=\"banner\">\n <p class=\"headline\">Cross-border sweeps that take 30 minutes inside one bank now can settle in seconds.<\/p>\n <p class=\"subtext\"><b>Stuart Popejoy<\/b>, CEO of Kadena<\/p>\n <\/div>\n<\/body>\n<\/html>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Few topics drew more attention than stablecoins. In the session, <strong><a href=\"https:\/\/insights.digift.io\/zh\/capitalx\/#:~:text=From%20Treasury%20to%20Checkout%3A%20Stablecoins%20in%20Real%20Operations\">From Treasury to Checkout: Stablecoins in Real Operations<\/a><\/strong>, speakers from <strong>Transak<\/strong>, <strong>M0<\/strong>, <strong>Coinbase<\/strong>\u548c <strong>Gnosis <\/strong>described how stablecoins are moving from investment tools to operating infrastructure\u2014supporting treasury workflows, B2B payments, and cross-border settlements.<\/p>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"263\" data-attachment-id=\"8526\" data-permalink=\"https:\/\/insights.digift.io\/zh\/the-state-of-rwas-learnings-from-capitalx-feat-onchain\/capitalx-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-3.png?fit=3050%2C1000&ssl=1\" data-orig-size=\"3050,1000\" data-comments-opened=\"0\" data-image-meta=\"{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}\" data-image-title=\"CapitalX 3\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-3.png?fit=800%2C263&ssl=1\" src=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-3.png?resize=800%2C263&ssl=1\" alt=\"\" class=\"wp-image-8526\" srcset=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-3.png?resize=1024%2C336&ssl=1 1024w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-3.png?resize=300%2C98&ssl=1 300w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-3.png?resize=150%2C49&ssl=1 150w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-3.png?resize=768%2C252&ssl=1 768w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-3.png?resize=1536%2C504&ssl=1 1536w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-3.png?resize=2048%2C671&ssl=1 2048w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-3.png?resize=18%2C6&ssl=1 18w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-3.png?resize=1200%2C393&ssl=1 1200w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-3.png?w=1600&ssl=1 1600w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-3.png?w=2400&ssl=1 2400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Panelists agreed that enterprise adoption hinges on integration rather than innovation. ERP connectivity, reconciliation, and auditability remain the key obstacles to scale, but stablecoins are fast becoming the connective tissue between on-chain and off-chain finance.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:25px\"><strong>Fixed Income Remain the RWA Core<\/strong><\/h2>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n <meta charset=\"UTF-8\" \/>\n <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\"\/>\n <title>Tokenized Finance Quote<\/title>\n <style>\n @import url('https:\/\/fonts.googleapis.com\/css2?family=Figtree:wght@400;500;700&display=swap');\n\n .banner {\n background: #ccddfe;\n width: 100%;\n padding: 20px 40px; \/* top\/bottom 20, left\/right 40 *\/\n box-sizing: border-box;\n border-radius: 25px;\n font-family: 'Figtree', sans-serif;\n }\n .headline {\n font-size: 25px;\n font-weight: 500; \/* medium *\/\n color: #000000;\n margin: 0 0 6px 0; \/* slightly less space below *\/\n line-height: 1.3;\n }\n .subtext {\n color: #1551fe;\n margin: 0;\n font-size: 16px;\n }\n .subtext b {\n font-weight: 700; \/* bold name *\/\n }\n <\/style>\n<\/head>\n<body>\n <div class=\"banner\">\n <p class=\"headline\">Tokenized RWAs doesn’t need flash\u2014it needs boring assets like money market funds, treasuries, and private credit.<\/p>\n <p class=\"subtext\"><b>Kevin Loo<\/b>, CEO of DigiFT Hong Kong<\/p>\n <\/div>\n<\/body>\n<\/html>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Short-duration fixed income and private credit remain the backbone of tokenized issuance. These assets fit institutional mandates and liquidity requirements, making them the most natural starting point for regulated tokenization.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the panel, <strong><a href=\"https:\/\/insights.digift.io\/zh\/capitalx\/#:~:text=From%20Private%20Credit%20to%20Tokenized%20Funds%3A%20Building%20the%20New%20Fixed%20Income%20Stack\">From Private Credit to Tokenized Funds: Building the New Fixed Income Stack<\/a><\/strong>, speakers from <strong>\u666f\u987a\u6295\u8d44 \uff08Invesco\uff09<\/strong>, <strong>S&P Global<\/strong>, <strong>Republic<\/strong>\u548c <strong>Libeara <\/strong>agreed that innovation lies in distribution, not reinvention. <\/p>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"263\" data-attachment-id=\"8528\" data-permalink=\"https:\/\/insights.digift.io\/zh\/the-state-of-rwas-learnings-from-capitalx-feat-onchain\/capitalx-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-4.png?fit=3050%2C1000&ssl=1\" data-orig-size=\"3050,1000\" data-comments-opened=\"0\" data-image-meta=\"{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}\" data-image-title=\"CapitalX 4\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-4.png?fit=800%2C263&ssl=1\" src=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-4.png?resize=800%2C263&ssl=1\" alt=\"\" class=\"wp-image-8528\" srcset=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-4.png?resize=1024%2C336&ssl=1 1024w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-4.png?resize=300%2C98&ssl=1 300w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-4.png?resize=150%2C49&ssl=1 150w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-4.png?resize=768%2C252&ssl=1 768w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-4.png?resize=1536%2C504&ssl=1 1536w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-4.png?resize=2048%2C671&ssl=1 2048w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-4.png?resize=18%2C6&ssl=1 18w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-4.png?resize=1200%2C393&ssl=1 1200w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-4.png?w=1600&ssl=1 1600w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-4.png?w=2400&ssl=1 2400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Private credit, once locked for years, is becoming more dynamic through on-chain fund wrappers that improve transparency and access while preserving governance standards. Tokenization is, in essence, making fixed income more efficient\u2014without changing its fundamentals.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:25px\"><strong>Interoperability and Market Plumbing<\/strong><\/h2>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n <meta charset=\"UTF-8\" \/>\n <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\"\/>\n <title>Tokenized Finance Quote<\/title>\n <style>\n @import url('https:\/\/fonts.googleapis.com\/css2?family=Figtree:wght@400;500;700&display=swap');\n\n .banner {\n background: #ccddfe;\n width: 100%;\n padding: 20px 40px; \/* top\/bottom 20, left\/right 40 *\/\n box-sizing: border-box;\n border-radius: 25px;\n font-family: 'Figtree', sans-serif;\n }\n .headline {\n font-size: 25px;\n font-weight: 500; \/* medium *\/\n color: #000000;\n margin: 0 0 6px 0; \/* slightly less space below *\/\n line-height: 1.3;\n }\n .subtext {\n color: #1551fe;\n margin: 0;\n font-size: 16px;\n }\n .subtext b {\n font-weight: 700; \/* bold name *\/\n }\n <\/style>\n<\/head>\n<body>\n <div class=\"banner\">\n <p class=\"headline\">Institutions won’t expose themselves without clarity on safekeeping.<\/p>\n <p class=\"subtext\"><b>Anson Chan<\/b>, Head of APAC Sales & Partnerships<\/p>\n <\/div>\n<\/body>\n<\/html>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Interoperability and data integration were recurring priorities. The conversation moved beyond token launches toward how custodians, oracles, and exchanges can operate in sync.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Builders and infrastructure providers highlighted progress on cross-chain messaging, shared identity frameworks, and real-time verification that let institutions reconcile data automatically. The emerging consensus: collaboration, not competition, will drive the next phase of infrastructure.<\/p>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"263\" data-attachment-id=\"8530\" data-permalink=\"https:\/\/insights.digift.io\/zh\/the-state-of-rwas-learnings-from-capitalx-feat-onchain\/capitalx-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-5.png?fit=3050%2C1000&ssl=1\" data-orig-size=\"3050,1000\" data-comments-opened=\"0\" data-image-meta=\"{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}\" data-image-title=\"CapitalX 5\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-5.png?fit=800%2C263&ssl=1\" src=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-5.png?resize=800%2C263&ssl=1\" alt=\"\" class=\"wp-image-8530\" srcset=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-5.png?resize=1024%2C336&ssl=1 1024w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-5.png?resize=300%2C98&ssl=1 300w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-5.png?resize=150%2C49&ssl=1 150w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-5.png?resize=768%2C252&ssl=1 768w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-5.png?resize=1536%2C504&ssl=1 1536w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-5.png?resize=2048%2C671&ssl=1 2048w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-5.png?resize=18%2C6&ssl=1 18w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-5.png?resize=1200%2C393&ssl=1 1200w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-5.png?w=1600&ssl=1 1600w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-5.png?w=2400&ssl=1 2400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">On the panel, <strong><a href=\"https:\/\/insights.digift.io\/zh\/capitalx\/#:~:text=Institutional%20Infrastructure%3A%20Building%20the%20Backbone%20for%20Tokenized%20Markets\">Institutional Infrastructure: Building the Backbone for Tokenized Markets<\/a><\/strong>, speakers from <strong>Franklin Templeton<\/strong>, <strong>Goldman Sachs<\/strong>, <strong>Chainlink<\/strong>, <strong>Axelar<\/strong>, <strong>Cactus Custody<\/strong>\u548c <strong>OKX <\/strong>pointed to liquidity fragmentation and NAV timing gaps as the next hurdles. While pilot programs continue to advance, participants agreed that progress depends as much on governance as technology. Quiet coordination\u2014around custody, identity, and data standards\u2014is what will make tokenized markets functional at scale<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:25px\"><strong>The Road Ahead<\/strong><\/h2>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n <meta charset=\"UTF-8\" \/>\n <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\"\/>\n <title>Tokenized Finance Quote<\/title>\n <style>\n @import url('https:\/\/fonts.googleapis.com\/css2?family=Figtree:wght@400;500;700&display=swap');\n\n .banner {\n background: #ccddfe;\n width: 100%;\n padding: 20px 40px; \/* top\/bottom 20, left\/right 40 *\/\n box-sizing: border-box;\n border-radius: 25px;\n font-family: 'Figtree', sans-serif;\n }\n .headline {\n font-size: 25px;\n font-weight: 500; \/* medium *\/\n color: #000000;\n margin: 0 0 6px 0; \/* slightly less space below *\/\n line-height: 1.3;\n }\n .subtext {\n color: #1551fe;\n margin: 0;\n font-size: 16px;\n }\n .subtext b {\n font-weight: 700; \/* bold name *\/\n }\n <\/style>\n<\/head>\n<body>\n <div class=\"banner\">\n <p class=\"headline\">We’re building the pieces safely and institutionally.<\/p>\n <p class=\"subtext\"><b>Henry Zhang<\/b>, Founder & CEO of DigiFT<\/p>\n <\/div>\n<\/body>\n<\/html>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The unifying theme at CapitalX feat. ONCHAIN was execution. The industry has moved past \u201ccan we tokenize it\u201d to \u201ccan it trade, settle, and scale.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Issuers are launching with pre-committed liquidity partners and custodian-linked collateral models. Custodians are evolving from safekeepers to compliance enablers. Regulators are offering clearer frameworks, and institutional adoption is translating into measurable activity.<\/p>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"263\" data-attachment-id=\"8532\" data-permalink=\"https:\/\/insights.digift.io\/zh\/the-state-of-rwas-learnings-from-capitalx-feat-onchain\/capitalx-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-6.png?fit=3050%2C1000&ssl=1\" data-orig-size=\"3050,1000\" data-comments-opened=\"0\" data-image-meta=\"{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}\" data-image-title=\"CapitalX 6\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-6.png?fit=800%2C263&ssl=1\" src=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-6.png?resize=800%2C263&ssl=1\" alt=\"\" class=\"wp-image-8532\" srcset=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-6.png?resize=1024%2C336&ssl=1 1024w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-6.png?resize=300%2C98&ssl=1 300w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-6.png?resize=150%2C49&ssl=1 150w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-6.png?resize=768%2C252&ssl=1 768w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-6.png?resize=1536%2C504&ssl=1 1536w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-6.png?resize=2048%2C671&ssl=1 2048w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-6.png?resize=18%2C6&ssl=1 18w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-6.png?resize=1200%2C393&ssl=1 1200w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-6.png?w=1600&ssl=1 1600w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-6.png?w=2400&ssl=1 2400w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">CapitalX feat. ONCHAIN brought together the builders, policymakers, and institutions shaping this transition\u2014and DigiFT is proud to play a part in advancing the conversations turning tokenization into infrastructure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re interested in being part of the next chapter, join us for CapitalX 2026 as we continue to bridge traditional and decentralized finance. Get in touch to explore speaking, sponsorship, or collaboration opportunities.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/www.digift.io\/about\/contactUs?utm_source=Website&utm_medium=Blog%20CTA&utm_campaign=State-of-RWAs&utm_content=CapitalX-2025\" style=\"border-radius:0px;background-color:#1551fe\"><strong>TALK TO THE TEAM<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u514d\u8d23\u58f0\u660e<\/strong>: DigiFT and\/or its affiliates endeavour to ensure the accuracy and reliability of the information provided, but do not guarantee its accuracy or reliability, and accept no liability (whether in tort, contract, or otherwise) for any loss or damage arising from any inaccuracy or omission, or from any decision, action, or non-action based on or in reliance upon the information contained in this material.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This information does not constitute an invitation, recommendation, or offer to subscribe for, purchase, or enter into any transaction involving the above-mentioned product\/service or any other services mentioned. The above-mentioned product\/service is only available to Accredited Investors, Professional Investors, and Institutional Investors through authorised regulated intermediaries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Before making any investment decision, please seek independent legal and financial advice. Clients intending to trade this product are reminded of the risks associated with such products and should carefully assess their investment objectives, risk appetite, financial situation, and particular needs before making any investment decision.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This content is for general informational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any product or service. Eligibility to access or invest in any products mentioned is subject to applicable laws and investor qualification requirements. DigiFT products and services are available only through authorised and regulated intermediaries to eligible investors. Readers should seek independent legal, financial, and tax advice before making any investment decision.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>CAPITALX feat. ONCHAIN 2025 united global leaders in TradFi and Web3 to shape the next era of tokenized finance, policy, and infrastructure.<\/p>","protected":false},"author":256897725,"featured_media":8578,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"page_builder":"","footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[1,132590],"tags":[],"class_list":["post-8508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","category-events"],"acf":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/State-of-RWAs-CAPITALX-feat.-ONCHAIN.png?fit=2048%2C1082&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pg7Ide-2de","_links":{"self":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/8508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/users\/256897725"}],"replies":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/comments?post=8508"}],"version-history":[{"count":74,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/8508\/revisions"}],"predecessor-version":[{"id":8628,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/8508\/revisions\/8628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media\/8578"}],"wp:attachment":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media?parent=8508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/categories?post=8508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/tags?post=8508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/10\/CapitalX-feat.-ONCHAIN.png?resize=800%2C263&ssl=1\")
<\/figure>\n\n\n\n