Recorded on 17 Feb 2025
🎙 Guests:
🔹 Gaven Cheong (Charles Russell Speechlys)
🔹 David Kim (Generative Assets)
🔹 Marco Lim (Solowin)
🔹 Martin Green (Cambrian Asset Management)
🎙 Host: Alvin Fan (OPIM)

(00:00) - Opening
(07:20) - Are institutions still early in crypto?
(09:04) - Do passive investors take on too much risk?
(11:45) - What happens when Bitcoin dominates your portfolio?
(14:27) - Why institutional investors prefer active strategies
(19:10) - Bitcoin ETFs vs. crypto exchanges: Where will liquidity flow?
(23:02) - Does market structure favor US institutions?
(24:51) - Are centralized exchanges becoming obsolete?
(26:59) - Managing counterparty risk post-FTX
(29:57) - Regulations: HK vs. SG
(34:09) - How HK’s tax policies are changing the game
(38:41) - Why is SFC cautious on crypto fund licenses?
(41:33) - Binance vs. Coinbase: Which is safer?
(47:59) - Is RWA tokenization overhyped?
(51:20) - Will RWA ever offer real liquidity?
(54:13) - Why tokenize a fund when there’s no benefit today?
(58:51) - How major institutions will drive RWA adoption
(1:00:22) - Will crypto whales move into real-world assets?
(1:02:29) - Institutional DeFi: Can it ever be trusted?
(1:05:41) - Will KYC bring Wall Street into DeFi?

Recorded live at the OPIM Breakfast Panel on 17 Feb 2025, this discussion explores how institutional investors are navigating crypto volatility as Bitcoin reaches all-time highs. With growing institutional adoption, the panel debates whether passive or active strategies are best, the impact of Bitcoin ETFs, evolving crypto regulations in HK vs. Singapore, and the future of tokenized RWA.

FOR INFORMATIONAL PURPOSES ONLY
This video shall not be published, circulated, reproduced distributed, or commercially exploited in any manner otherwise, in whole or in part, without the prior written consent of OPIM. Any trademarks, logos, and related intellectual property rights in this video are either owned by OPIM or other third parties. This video or any of its contents have not been reviewed by the SFC or any other regulatory body. All information is provided solely for informational purposes only and is neither to be taken as advice or recommendation for any specific investment product, strategy, plan, feature or other purpose in any jurisdiction nor intended as an offer or solicitation of an offer for purchase or sale of units of any funds, shares of securities or any financial instruments. This video or any of its contents do not constitute an endorsement, offer, or solicitation of an offer for the purchase or sale of any financial instruments or services by OPIM. All information including facts, opinions, projections, and estimates based on the judgement of the author is provided “as is” and may be subject to change without notice. OPIM has no obligation to ensure such updates are brought to your attention. The information in this video has been prepared from sources OPIM believes to be reliable and without consideration of the objectives, financial situations, or needs of any particular viewer. OPIM does not warrant the completeness, accuracy, or reliability of any material or information and does not assume responsibility for any error of facts or opinions or for damages arising out of any person’s reliance upon such material or information. You should make an independent assessment of any legal, regulatory, tax, credit, and accounting implications and consult with a professional advisor(s) as you consider necessary regarding any information provided in this video. Investment involves risks. Past performance, yields, and any predictions, projections, or forecasts on the economy, securities markets, or the economic trends of the markets are not reliable indicators of current or future results. Any figures, opinions or investment techniques and strategies referred to herein may be based on certain assumptions, evaluations, and current market conditions and are subject to change.