Flashback to 'Liquidity 2024' | Highlights of the Hong Kong Institutional Digital Asset Summit

The "Liquidity2024" summit co-organized by LTP and Gate.io in Hong Kong recently concluded successfully, becoming a milestone event in the digital asset institutional field.

The summit attracted more than 1,200 industry leaders, representatives of well-known institutions and professional investors from all over the world to participate in the grand event. Participants worked together to explore the latest trends in the digital asset market, share expertise, and build meaningful partnerships.

The summit was opened by Jack Yang, the founder and CEO of LTP, who announced RapidX, LTP’s upcoming new product. This product will enable users to trade spot and derivatives across exchanges and improve capital efficiency through a unified cross-exchange margin system. Jack also pointed out that the general view in the market is that the impact of Bitcoin halving on the market is weakening because everyone is too focused on the number of Bitcoins. However, Jack emphasizes that we should focus more on value rather than quantity. Although the fourth reduction is to 3.125 coins per block, its value is far greater than any previous halving. In fact, this upcoming halving is likely to have a greater impact on the market.

Hon. Duncan Chui, a member of the Legislative Council, shared at the summit that Hong Kong’s complete financial system provides an excellent foundation for the development of Web3. Hong Kong looks forward to more outstanding technological breakthroughs and innovations to inject new energy into Hong Kong's Web3 development. At the same time, Chui also said that Hong Kong has continued to attract outstanding talents in the financial field. Hong Kong needs and hopes that more outstanding technical talents can choose Hong Kong to jointly promote the development and prosperity of Web3 in Hong Kong.

Professor Wang Yang, Vice President of Hong Kong University of Science and Technology, first shared Tecno’s experience in selling mobile phones in the African market. Due to the rapid depreciation of African currencies, they gave up using local currencies for transactions. , turning to coffee as a medium of payment. In addition, businessmen in Yiwu, China, are also looking for solutions to currency devaluation in order to trade with Africa. In this case, real asset tokens (RWA) and blockchain technology are seen as potential solutions to this problem. Hong Kong is currently building a blockchain, RWA and Web3 ecosystem. However, Professor Wang Yang believes that Hong Kong still has a lot of room for development in the field of blockchain, especially the need to explore how to integrate blockchain technology more closely with real assets and people’s daily lives. He emphasized that RWA is an important tool to connect cryptocurrency and blockchain technology with the real economic environment.

Kevin Lee, CEO of Gate.HK, delivered an inspiring keynote speech at the summit titled "Shaping Tomorrow: Innovation for the Future of Finance." He provides an in-depth analysis of the latest trends in financial technology, including the application of blockchain, artificial intelligence and big data, which are key factors driving progress in the financial industry. Kevin Lee emphasized that in order to adapt to this changing environment, enterprises and individuals need to embrace innovation and adopt new technologies to optimize operations and services. He also explores how digital currencies and decentralized finance (DeFi) are redefining the way financial transactions are conducted, and how these changes can help achieve a more equitable and transparent financial system. Through his speech, Kevin Lee not only showcased the latest developments in the financial field, but also inspired the audience to think about how to use these innovations to promote economic growth and social progress. His insights prompted the participants to think deeply about how to find and find peace in the ever-changing financial world. Take advantage of new opportunities.

The summit also covered key topics including halving and Bitcoin spot ETFs, liquidity management, capital efficiency improvement, institutional infrastructure improvement, digitization of physical assets, and new developments in the financial field. Through insightful conversations and in-depth analysis, experts revealed key trends in the digital asset space, addressed regulatory challenges, and opened up new avenues for innovative exploration within the industry.

In the first panel discussion, Donald Day, COO of VDX, Angelina Kwan, CEO of IMC Asia, Chris Aruliah, Managing Director of Wincent, and Wilson Cheng, Head of Institutional Sales at Coinbase, discussed “Bitcoin Halving and "Spot ETFs" pointed out that the Bitcoin halving will have a significant impact on the market and emphasized the importance of spot ETFs in investor choice. The halving is expected to push up Bitcoin prices, but the emergence of spot ETFs provides investors with new investment channels. The session was moderated by Sean Lawrence, Head of Asia Pacific at Kaiko, who facilitated discussions among the guests and delved into these topics.

The second panel discussion was moderated by Sam Reynolds, senior market reporter for CoinDesk Asia Pacific. In discussing “Liquidity and Funding Efficiency in Cryptocurrency Trading,” EDX’s CEO Jamil Nazarali, AsiaNext’s Chief Commercial Officer Neil Thomas, Bitstamp’s Head of Business Development James Kow, BitMEX’s Head of Product and Institutional Business Development Sam Sandiford, and Konstantin Shulga, CEO and co-founder of Finery Markets, emphasized the importance of increasing market depth and reducing transaction costs.

Next up in the discussion “Institutional Infrastructure: Custody vs. Banking” are Gerald Goh, co-founder and CEO of Sygnum Singapore, Amy, VP of Sales at Fireblocks Zhang, Galaxy Digital’s Asia COO John Cahill, Copper.co’s Asia Pacific head Takatoshi Shibayama and Bitgo’s director Abel Seow emphasized the importance of providing institutional investors with safe and reliable digital asset custody solutions. Banking and custody services must adapt to the challenges of the rapidly evolving crypto market to ensure compliance, security and efficiency. They shared their views on building sound infrastructure to attract institutional investment and maintain market stability. The discussion was moderated by Colin Wu, founder and editor-in-chief of WuBlockchain.

In the next "Fireside Chat" session, Deloitte Hong Kong digital asset leader Robert Lui served as the moderator, and CME Group's global head of cryptocurrency products Giovanni Vicioso Join Clara Chiu, founder and CEO of QReg Advisory, for an in-depth look at the convergence of cryptocurrencies and the traditional financial world. They discuss how Bitcoin can achieve greater potential within the traditional financial system, including how it can provide new opportunities for investors, as well as the challenges and potential risks that must be overcome.

In the fourth panel discussion, focusing on the theme “Unlocking the potential of tokenization and RWAs”, Nikhil Sharma, Executive Director, Growth, J.P. Morgan Onyx Digital Assets, Jonathan Gill, Senior Director of Tokenization and Legal Counsel at Hashkey Group, Giselle Lai, Associate Director of Investments at Fidelity International Digital Asset Solutions, Henry Zhang, CEO and Founder of DigiFT, and Augustine Fan, CFO of SignalPlus, speak about tokens How ation is changing asset trading. They shared how tokenization and real-world assets (RWAs) are providing new opportunities for investors. The discussion was moderated by Marcel Bluhm, director of research reporting at The Block.

Finally, in the discussion of "Institutional CeFi and DeFi Trading Infrastructure", we focused on the evolution of decentralized exchanges (DEXs) and their performance in trading volume and user acceptance. significant growth. Edwin Cheung, Head of Business Development at Gate.HK, Alina Karpichenko, Head of Capital Markets Low Latency Solutions at Avelacom, Chae Ho Shin, CFO of 1inch, Damon Xu, CEO and Co-Founder of 1Token, and Co-Founder of Orderly Ran Yi discussed why DEXs still only account for a smaller proportion of total market trading volume despite the surge in trading volume. The discussion was moderated by Jason Choi, CoinTelegraph’s Head of Strategy.

During the summit, attendees had the opportunity to gain practical insights, expand their knowledge horizons, and establish valuable connections with industry colleagues. The interactive session of the sub-forum stimulated active discussions, promoted innovative thinking, and laid the foundation for future cooperation and development in the digital asset industry.

Gate.io:

Liquidity2024 Summit is a successful collaboration between Gate.io and LTP, providing us with an excellent platform to showcase our expertise. Carefully planned panels and top speakers are the result of joint efforts, providing attendees with deep insights into the digital asset space. This event is crucial for institutional investors to understand diverse market perspectives and highlights Gate.io and LTP’s commitment to driving the development of digital finance.

AsiaNext:

LTP plans to partner with AsiaNext, an institution-only digital asset exchange known for its strict regulatory compliance, risk management and corporate governance standards. We will work together to provide powerful and secure institutional trading services to ensure a trustworthy and efficient trading environment for institutional clients.

AWS:

AWS shared in an exclusive session how to strengthen algorithmic trading infrastructure: AWS’s three powerful security Musketeers. In the ever-evolving world of algorithmic trading, protecting sensitive data and operations is critical. AWS Web3 Senior Solutions Architect David Sung shares insights into securing algorithmic trading platforms on AWS. Key points include using AWS Secrets Manager and Nitro Enclaves for secure private key storage, using AWS Inspector for vulnerability management, and using AWS GuardDuty for intrusion detection and monitoring. Together, these measures improve the security of algorithmic trading platforms and protect sensitive data and operations.

Alibaba Cloud:

Alibaba Cloud shared in an exclusive session that cloud computing technology is becoming a tool for quantitative investment research in the new generation, and it is also gradually changing the boundaries of quantitative trading. In the era of cloud computing, customers can quickly build standardized infrastructure and conduct quantitative investment research efficiently. The undifferentiated nature of infrastructure allows many customers to focus more on the algorithm strategy itself, lowering the industry's technical threshold for IT facilities, while also creating new possibilities for traditional strategy algorithms. Taking high-frequency trading in the traditional financial era as an example, in addition to excellent algorithms, investment research teams need to spend a lot of energy to continuously research hardware equipment, such as link optimization of network equipment, high-frequency CPU/memory, FPGA, etc. In the cloud-native era, users only need to choose a high-performance server and start investment research and trading right out of the box. Best practices for high-frequency trading on the cloud: Based on years of experience and industry insights in serving global quantitative investments, Alibaba Cloud Financial Services Solution Architect Hao Bo proposed the concept of the shortest path for transactions at the liqutiy2024 summit and shared it with the guests. A high-frequency trading solution based on cloud native.

Avelacom:

Avelacom highlighted the critical role of connected IT infrastructure in driving institutional adoption of cryptocurrencies in the CeFi and DeFi sectors. Sophisticated traders rely on connections to multiple global exchanges to obtain real-time pricing data and execute trades. They require a global private network built using unique fiber and wireless routing to achieve faster speeds than public services when connecting different cloud regions. Microsecond accuracy is particularly critical for institutional market makers and arbitrage trading firms seeking to optimize access to exchange matching engines. These needs are consistent across TradFi, CeFi and DeFi environments.

1Token:

1Token CEO Damon, shares insights into coordinating high-frequency CeFi and decentralized finance trading strategies in an increasingly regulated ecosystem. The 1Token CAM system stands out with its automated API connections to CeFi and Decentralized Finance, providing in-depth analysis of various trading activities. He provides the front office with clear, real-time positioning and performance insights, comprehensive portfolio tools for the middle office, and ensures that the back office adheres to strict reconciliation and reporting standards, all designed to empower companies to protect the integrity of their operations.

Looking back at the results of the Liquidity2024 Summit, we look forward to your attention to the detailed review report that will be released soon. The report will provide an in-depth look at the key outcomes of the summit, highlights of each sub-forum, expert opinions and strategies shared during the conference. Whether you were there in person or not, we hope this review will provide you with valuable information and become an important reference resource in the rapidly changing world of digital assets.

Special thanks to: Liquidity2024 Institutional Digital Asset Summit sponsors and partners

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