HSC Conference: ‘One Market, Many Venues’ Panel Explores How AI, Regulation, And Asset Tokenization Will Reshape Global Liquidity

On August 15, the HSC Convention returned to Ho Chi Minh Metropolis, gathering senior voices from monetary establishments, know-how corporations, and enterprise capital to debate blockchain infrastructure, digital belongings, and the way forward for on-chain monetary markets. 

Among the many occasion’s most anticipated periods was “One Market, Many Venues: Navigating Fragmented Liquidity,” that includes Kevin Sultani of GMA Group, Lynn Nguyen, Nation Lead of Solana Superteam Vietnam, Ran Yi, Co-founder of Orderly, and Leonard Hoh, Asia-Pacific President of Bitstamp by Robinhood. 

The dialogue examined how merchants, market makers, and protocols navigate a splintered panorama throughout centralized and decentralized venues, and in doing so mapped the broader problem of sewing disparate markets right into a coherent complete.

The Holy Grail: Unifying Fragmented Markets

Sultani opened by framing the panel round a imaginative and prescient he described because the “holy grail” of finance: a single dashboard the place traders may view and commerce all holdings—from tokenized Tokyo actual property and traditional automobiles to Tesla inventory and cryptocurrencies—on a unified, never-closing market. He noticed that whereas conventional markets in New York and London ultimately consolidated from chaos, crypto stays splintered throughout numerous venues, diluting liquidity and leaving the business in an “toddler” state. Leonard Hoh emphasised that institutional gamers nonetheless depend on pre-existing workflows and prime brokers, making the shortage of regulated aggregation companies and best-execution requirements a vital impediment to deeper capital inflows.

Regulation: Maturation vs. Fragmentation

The panelists agreed that regulation is the defining variable of the present cycle. Hoh pointed to the European Union’s MiCA framework as a uncommon outlier mandating greatest execution, whereas Sultani contrasted it with Dubai’s proactive embrace and Europe’s stunting innovation. Lynn Nguyen expressed optimism about Vietnam’s managed surroundings, predicting that licensed exchanges will quickly appeal to each native and worldwide market makers. But the group acknowledged a paradox: as jurisdictions erect regulatory partitions, liquidity dangers additional fragmentation earlier than it finally consolidates.

Tokenization and Wall Road’s Timeline

The dialog shifted to Larry Fink’s broadly cited prediction that $10 trillion in belongings could be tokenized by 2030. Nguyen cautioned that the demand facet stays underdeveloped, noting that “not lots of people are enthusiastic about actual property on chain.” Hoh urged that buying and selling companies will naturally concentrate on equities somewhat than tokenizing each asset class. Sultani, nonetheless, argued that Fink’s determine “appears small,” citing the liquidity vacuum created by pending conventional IPOs and the inevitability of Wall Road force-feeding tokenization somewhat than ready for retail demand to mature organically.

Vietnam: The New Frontier

Pivoting to geography, the panel explored why Vietnam has turn out to be a focus. Nguyen highlighted the nation’s excessive crypto adoption charge, high quality builders, and fast-learning expertise pool, describing her return after twenty years overseas as a “legacy” mission to mentor native founders. Hoh confirmed that Bitstamp has “two eyes on Vietnam,” viewing its quest to convey liquidity onshore as a possible blueprint for different growing markets.

AI, Brokers, and the Subsequent Wave of Adoption

Within the closing phase, Ran Yi argued that autonomous AI brokers symbolize the following main catalyst for crypto adoption. Envisioning a future the place private “Jarvis”-like assistants execute trades and funds by way of blockchain rails, he noticed that brokers choose permissionless techniques with out KYC friction. Nguyen added that stablecoins may take away credit-card bottlenecks for agentic transactions, permitting customers to assign spending limits to particular person wallets. The panel concluded with a rapid-fire consensus: consolidation is a web constructive, 24/7 markets are approaching quicker than conventional finance expects, and the business’s subsequent section will likely be outlined by regulated convergence, agentic funds, and the seamless integration of conventional and on-chain finance.

Alisa, a devoted journalist on the MPost, makes a speciality of crypto, AI, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.

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