An evening of insights, exchanges, and the future of digital finance during TOKEN2049 Singapore 2025

Setting the Context

On September 30, 2025, during the opening of TOKEN2049 Singapore, Cobo hosted Make Liquidity Great Again：稳定币与 RWA 探路者之夜 at La Brasserie, The Fullerton Bay Hotel.

The gathering convened leaders from custody and infrastructure, payment networks, stablecoin issuers, RWA projects, asset managers, compliance specialists, exchanges, and liquidity providers. The goal was clear: to examine how stablecoins and real-world assets (RWAs) are redefining global liquidity in an era of tokenization.

The Core Theme: Liquidity Evolving

Liquidity has always been central to financial markets. But the way it is created, transferred, and managed is now changing fundamentally.

• Stablecoins have progressed from simple settlement instruments to core infrastructure for payments and institutional finance.

• RWAs are converting traditional assets — from bonds and gold to real estate — into programmable, on-chain instruments that unlock new levels of transparency, accessibility, and efficiency.

With regulatory frameworks advancing in the US, Europe, Hong Kong, and Singapore, the convergence of stablecoins and RWAs is not a distant concept but a developing reality. The evening’s discussions centered on how to turn this momentum into scalable, compliant, and resilient systems for the next phase of digital finance.

The Atmosphere

The venue’s terrace overlooking Marina Bay provided a refined setting for exchange. Conversations cut across technical, regulatory, and institutional perspectives, with participants examining both opportunities and challenges. The evening reinforced a simple point: liquidity is not just about capital flows, but about people and ideas moving fluidly across the ecosystem.

Speaker Highlights

Alex Zuo, SVP at Cobo Alex opened the evening by framing Cobo’s mission as both a custodian of assets and of trust. He highlighted Cobo’s scale — safeguarding billions in digital assets and serving over 500 institutional clients globally — while pointing to the need for infrastructure that balances security, compliance, and efficiency. (Photo of Alex Zuo)

Akin Liu, Solution Architect Leader, Alibaba Cloud Speaking for co-host Alibaba Cloud, Akin emphasized that liquidity in Web3 is inseparable from infrastructure performance. He outlined how low-latency, globally distributed systems are critical for trading, payments, and compliance — and how scalable cloud solutions are now essential to sustaining institutional trust in blockchain-based finance. (Photo of Akin Liu)

Jimi Wu, VP of Sales, Siraya Representing co-host Siraya, Jimi focused on the importance of security and acceleration in enabling Web3 ecosystems. He described how AI-driven cloud optimization and zero-trust security models help financial institutions build resilient systems that support liquidity without compromise. (Photo of Jimi Wu)

Adam Cai, Founder & CEO, Virgo Group Adam highlighted how VirgoPAY is merging traditional fiat rails with stablecoin infrastructure to create faster, lower-cost cross-border transactions. His remarks underscored the practical reality that liquidity transformation is already underway, especially in remittances and settlement services. (Photo of Adam Cai)

Brian Tay, Head of BD (Malaysia), UBEX.ME Brian stressed the importance of partnerships and scalable infrastructure for institutional adoption of Web3. His perspective reflected how liquidity providers are adapting to new requirements for transparency, compliance, and market connectivity. (Photo of Brian Tay)

Sylvia Zhang, Co-founder & CMO, Starlynk Group Sylvia spoke to the role of RWAs in reshaping global markets. By tokenizing assets and making them programmable, she argued, liquidity can be unlocked in ways that traditional structures have never achieved. Her vision pointed to new financial products blending the stability of real-world assets with blockchain-native flexibility. (Photo of Sylvia Zhang)

Shared Perspectives

The evening’s value lay not only in formal talks, but in the exchange among participants:

• Custody experts aligning with payment innovators.

• Cloud providers connecting with asset managers.

• Policy voices comparing notes with tokenization builders.

The convergence of these perspectives reinforced a vision of liquidity that is programmable, compliant, and global.

Closing Reflection

From La Brasserie’s terrace to the world’s order books, the night reaffirmed a shift already in motion: liquidity is no longer just measured in capital flows. It is defined by the ability of systems, institutions, and people to move fluidly together.

As TOKEN2049 week unfolds, the conversations that began here will continue to shape the direction of stablecoins, RWAs, and the next chapter of digital finance.