As digital assets and on-chain instruments evolve, the buy side faces a fundamental shift in how markets could operate- but much of the infrastructure is not yet built for institutional workflows.

This session explores what needs to change before adoption can scale, from governance, client mandates and risk ownership to system integration, operational readiness and regulatory clarity.

With a focus on FX as a critical enabler, it also examines the role of digital currencies, settlement models and cross-border frictions- and why current market design still falls short of real-world trading requirements. Clear on what is real, what is missing, and what the industry must solve before on-chain adoption can scale.