Limassol, Cyprus. Industry executives on the closing day in Limassol focused on tokenised assets, crypto platforms, traditional brokers and the infrastructure needed to support a more digital trading environment. The discussions examined who is best positioned to shape the next phase of financial markets and how quickly that transition may take place.
Debate on tokenised markets
The session “The Tokenisation Revolution: Who Will Own the Markets of Tomorrow?” featured Jonathan Fine of Ultimate Group, Louis Hawila, VP Capital Markets – Europe at Crypto.com, Stavros Vassiliades, COO and Executive Director at Kraken Cyprus, and Oren Danziger, Managing Director at Finvasia Wealth.
The discussion centred on the evolving landscape of tokenised assets and which market participants are best placed to shape future financial infrastructure.
Traditional institutions and blockchain-native platforms
Panellists examined whether traditional financial institutions, with their scale, client relationships and regulatory experience, are more likely to lead the transition toward tokenised markets, or whether blockchain-native platforms, which have moved faster in developing digital asset products and infrastructure, will take the lead.
The discussion indicated that the shift is unlikely to be immediate, with interoperability, liquidity and infrastructure readiness remaining central issues in determining whether tokenisation can move beyond pilot projects and specialist use cases into broader market activity.
Regulation and longer-term outlook
Regulation was also part of the debate, particularly the potential impact of frameworks such as the Markets in Crypto-Assets regulation, as firms assess how clearer rules could affect adoption, competition and investor confidence.
The session also considered the longer-term outlook for tokenisation, including whether it could reshape capital markets within the next five years or whether the industry still faces a longer period of gradual transition.
Broader discussion on digital assets and traditional finance
The question of timing fed into a wider discussion on how the boundaries between digital assets and traditional finance are becoming increasingly difficult to separate.
The panel “Blurred Lines: When Crypto Platforms Trade Wall Street” brought together Badea Alexandru Gabriel, Senior Regional Director at Naga, Lior Aizik, Co-Founder and COO of XBO.com, Andrew Theodosiou, Sales Director EMEA at Talos, Dr Demetrios Zamboglou, Group CEO of BitDelta Group, and Steven J. Hatzakis, Global Director of Research at ForexBrokers.com.
