{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"What Is the Future of Crypto Prime Brokerage?","description":"In this Consensus Hong Kong 2026 panel, we dive into the next chapter of on-chain finance: the convergence of DeFi and CeFi \u2014 and why crypto prime brokerage may become the infrastructure layer for institutional trading. From portfolio margin across venues and capital efficiency, to stablecoin balance sheets, oracle risk, and the one threat everyone keeps coming back to\u2026 counterparty risk. We break down how prime brokers are bridging siloed liquidity pools, enabling cross-collateral, and rethinking risk management for a world of 24\/7 markets. - DeFi vs CeFi: why convergence is accelerating now - Prime brokerage in crypto: the \u201cmissing layer\u201d for hedge funds - Portfolio margin across exchanges + on-chain venues (cross-venue risk engines) - Capital efficiency: moving beyond over-collateralization in DeFi - Counterparty risk vs smart contract risk \u2014 what institutions actually fear - Off-exchange settlement &amp;amp; custody: what works, what doesn\u2019t - Interest rate models &amp;amp; \u201cdynamic spread\u201d: sharing upside with lenders - Oracles, pricing, liquidation: the two hard problems in DeFi risk management - The crypto \u201crisk-free rate\u201d: SOFR, Treasuries, staking \u2014 where does it converge? - Tokenized markets (RWA): why crypto-native prime brokers may have an edge &amp;nbsp; As TradFi and DeFi collide, the winners will be the platforms that deliver capital efficiency + transparency + accountability \u2014 without blowing up. \u2014 \ud83c\udf99 Featuring: \u2022 Sam MacPherson - CEO and co-founder at Spark \u2022 Serhii Tyshchenko - CEO and co-founder of Arkis \u2022 Oleksandr Proskurin - Co-founder\/CPO at Arkis \u2022 Moderated by Henri Arslanian ","author_name":"The Future of Money","author_url":"https:\/\/www.henriarslanian.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/40309235\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/40309235"}