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HTX Ventures Latest Report | The Convergence of CeFi, DeFi, and TradFi in 2026: How Institutional-Grade Hybrid Architecture Is Taking Shape

This report is prepared by HTX Ventures, the global investment arm of HTX. Through its investment and research activities, HTX Ventures continuously tracks the institutionalization of custody, collateral, trade execution, and on-chain yield, with a focus on how institutional capital flows across these functions and how returns and risk responsibilities are allocated.