Digital finance
The programmable capital stack
Tokenisation will matter most when ownership, settlement, distribution and compliance operate as a single system.
ASVG Research · 2026ASVG Insights
Research for markets in transition.
Perspectives on the structural forces changing capital allocation, technology, digital finance and the real economy.
Private markets
Infrastructure becomes software
Physical networks are increasingly differentiated by their digital control layers.
Geopolitics
Capital corridors in a multipolar world
New trade, technology and financial links are changing how projects are funded across regions.
RWA: from narrative to infrastructure
What has to exist before real-world asset tokenisation can achieve institutional scale.
The next exchange is a network
Why settlement, liquidity and distribution matter as much as the trading venue.
AI and capital formation
How intelligent operations can alter the cost structure of financial and industrial platforms.