Traditional and on-chain finance could eventually become a single system, Matthew Horne of Fidelity said at Longitude Singapore on October 8, 2026, arguing that institutional assets are moving onto blockchain networks rapidly and that labels such as traditional finance and decentralized finance may lose relevance. Demand for tokenized real-world assets excluding stablecoins rose 41% over 30 days, holders reached 493,000 and more than $1.2 billion moved onchain. Fidelity has launched tokenized money-market and U.S. Treasury products, while regulatory developments and Securitize’s tokenized stock trading launch are expanding pathways for tokenized securities. UBS executive Ka Yan Chan said major infrastructure institutions could help scale onchain capital from billions to trillions, and Standard Chartered’s Geoff Kendrick forecast that tokenized real-world assets could reach $4 trillion by the end of 2028.