Cregis Collaborates with Industry Leaders to Chart the Blueprint for Institutional-Grade On-Chain Financial Infrastructure

Hong Kong, February 10, 2026 — During Consensus Hong Kong 2026, the “Institutional-Grade Payment and On-Chain Financial Infrastructure Summit,” jointly hosted by enterprise blockchain infrastructure and fintech service provider Cregis in collaboration with Stable, Jsquare, and FutureCloud, was successfully held on the afternoon of February 9 at the Harbour Plaza Hong Kong. The closed-door summit gathered industry leaders from organizations such as Conflux, SlowMist, Hex Trust, Tevau, Interlace, AWS, BlockOffice, Cynopsis, and Vesta Capital to engage in in-depth discussions on core topics including stablecoins, institutional payments, on-chain financial infrastructure, security, and compliance.

From Exploration to Expansion: Crypto Infrastructure Enters the Scale Era

As the market capitalization of stablecoins surpasses 100 billion USD, on-chain payments are transitioning from early adoption to mainstream finance. Cregis CTO Aaron Zhang stated in his opening remarks, “We are at a critical historical juncture: on-chain financial infrastructure is no longer a technical feasibility question but an engineering and governance challenge of how to scale. Today’s discussions will directly influence the future evolution of the global financial system.”

Zhang reviewed that early markets were familiar only with personal wallets like MetaMask, but struggled to understand the value of “enterprise wallets.” He emphasized that for cryptocurrencies to truly integrate into the business world and become stable circulating “currencies,” enterprises must be able to securely and compliantly manage and use digital assets—an essential difference from personal asset management.

Based on this understanding, Cregis has built a three-layer technical architecture centered on security, compliance, and ease of integration:

• Bottom Security Layer: Utilizing advanced technologies such as MPC and HSM, safeguarding private keys like a “vault.”
• Middle Access and Audit Layer: Implementing proprietary infrastructure like DIG to ensure all key access is traceable and auditable, integrated with risk analysis and control.
• Top Asset Management and Business Layer: Offering flexible workflows, multi-chain support, and blockchain risk management, seamlessly integrated with enterprise systems like payment engines, ERP, and OA, enabling asset management, cross-border payments, and transaction scenarios.

Zhang emphasized that this robust infrastructure allows clients to securely access global digital assets through a single platform, forming the foundation for Cregis’s steady expansion into over 50 countries, serving nearly 3,500 enterprise clients, and achieving zero security incidents.

Looking ahead, Cregis’s strategy will go beyond “enterprise wallets” toward a broader vision: promoting the adoption and application of stablecoins worldwide. The company has begun developing custody services and actively acquiring licenses such as VASP to provide bank-like SaaS custody solutions for enterprises. In the longer term, they aim to build a blockchain settlement system connecting various banks and replacing traditional clearing networks, even revolutionizing card payment networks—ultimately enabling enterprises to focus solely on their core business without worrying about asset management technology, using globally issued stable currencies. Zhang stated that Cregis’s mission is to continue building critical infrastructure and collaborate with partners to integrate the crypto economy into real-world commerce at scale.

Stablecoins: From Payment Tools to Financial Underlying Infrastructure

In the first roundtable titled “Payments and Stablecoins as Financial Infrastructure,” Jsquare investment analyst Noah Frankel moderated a panel with Stable CEO Brian Mehler, Tevau co-founder Andy Liu, and Conflux Hong Kong lead Esther Jiang for an in-depth discussion.

Mehler shared observations on institutional adoption: the “last mile” problem of stablecoins in cross-border payments remains significant, especially in emerging markets where local currency liquidity on-chain is limited and transaction fees are high. Stable is building a native Layer 1 payment network whose core mechanism allows users to settle network fees directly with transfer assets like USDT, eliminating reliance on volatile gas tokens. This greatly improves payment cost predictability and user experience.

Liu pointed out that one of the biggest barriers for stablecoins today is the lack of regulatory licenses. For example, in Hong Kong, USDT has not yet become a legal payment instrument, which creates market opportunities for issuing and payment gateway services. Over the next five years, emerging markets are expected to launch local compliant stablecoins, creating a “dual-track” landscape of global stablecoins and local stablecoins. Meanwhile, more small and medium-sized enterprises are using stablecoins for high-frequency turnover payments, as they offer high-liquidity products with 24-hour lock-up periods, outperforming traditional bank 7-day term deposits.

Jiang emphasized that Conflux, as a compliance-oriented Layer 1, supports not only mainstream USD stablecoins but also actively integrates long-tail stablecoins such as Korean won, Japanese yen, and offshore RMB to meet diverse cross-border settlement needs. Stablecoins should not only be tools for speculation or savings but also serve as settlement infrastructure supporting real economic trade, such as the Belt and Road Initiative. Additionally, recent guidance from the CFTC signals that stablecoins are shifting from “crypto assets” to “regulated financial instruments,” with banks potentially becoming issuance nodes—fundamentally changing the game.

Security and Compliance: Building a Trustworthy On-Chain Financial System

The second roundtable, “Security and Compliance in On-Chain Financial Systems,” hosted by Vesta Capital founder and CEO Rony Dahan, focused on the critical safeguards for institutional deployment. Participants included SlowMist CTO Blue Yang, Hex Trust Chief Product Officer Giorgia Pellizzari, BlockOffice CFO Christian Corrigan, and Cynopsis co-founder and CEO Chionh Chye Kit, sharing practical insights from their fields.

Yang pointed out that most institutional security incidents are not caused by sophisticated technical attacks but by operational errors, improper permission configurations, poor key management, or human mistakes. At the DeFi protocol level, there is a lack of effective real-time risk prediction and AML interception systems; hackers can transfer assets via cross-chain bridges rapidly and are difficult to freeze. He suggested that future solutions may involve oracle systems to integrate AML/CFT risk controls for pre-transaction risk prediction and interception. The industry also urgently needs to establish recognized security standards and certification systems through collaboration among project teams, auditors, and regulators to provide clear compliance guidance.

Giorgia Pellizzari highlighted the fundamental operational contradictions between traditional fiat currency and cryptocurrencies: the former emphasizes identity verification and reversibility, while the latter relies on anonymity and immutability. Current compliance efforts often mechanically apply traditional “travel rule” requirements to crypto, resulting in cumbersome and inefficient processes (e.g., requiring users to “screenshot proof of wallet ownership”). She stressed that what the industry truly lacks are native standards tailored for Web3, such as cross-chain interoperability and secure institutional DeFi interaction protocols. These standards require collaboration between private sector and policymakers, but the rapid pace of technological evolution makes standard formation challenging.

Corrigan advised that even startups must adopt multi-signature, MPC, or professional custody services to prevent single-person control. He sharply criticized some existing rules, such as proof of wallet ownership, as “very stupid” and easily bypassed. He believes that the ideal of Web3—permissionless and trustless—has evolved into necessary regulation and mature infrastructure, where good compliance and security practices are not constraints but foundations for mainstream adoption and user protection.

Chionh Chye Kit predicted a future where Web 2 and Web3 services are deeply integrated, and compliance must be forward-looking rather than black-and-white. He outlined that institutions need to build comprehensive compliance systems spanning information security (e.g., ISO 27001), data privacy, and AI governance. Achieving and maintaining these international certifications is time-consuming but essential for building trust. He also cautioned that while industry standards are important, they should not lead to another burdensome, inefficient compliance regime like the “travel rule.”

Evolution of Enterprise Digital Asset Infrastructure

In keynote sessions, Interlace strategy and operations head Henry Chan noted that currently, only about 1% of stablecoins are used in real payments globally, but the market could grow from 35 trillion USD to 200 trillion USD over the next four years, primarily driven by real-world payment scenarios—a hundredfold growth opportunity. Interlace offers a one-stop platform providing card issuance, banking accounts, QR codes, wallet-as-a-service, fund management, and merchant acquiring, serving 7,000 enterprise clients worldwide and obtaining key licenses in Europe and Dubai to support global expansion.

AWS Web3 Solutions Architect Kong Lei shared how AWS empowers the construction of secure, highly available digital financial infrastructure. He introduced AWS’s stablecoin reference architecture, analyzed USDC cross-chain implementation on AWS, and demonstrated how AWS Gen AI solutions can enable intelligent digital financial services.

Focusing on Industry Consensus: Building Secure, Efficient, and Compliant Infrastructure

The summit concluded with several industry consensus points: the ultimate form of stablecoins will be a hybrid system of “global universal stablecoins + local compliant stablecoins,” gradually integrating with traditional payment networks; enterprise infrastructure requires unified industry standards and data protocols to reduce integration costs; regular dialogue mechanisms among regulators, industry associations, and technology providers are necessary; compliance should be a primary design principle, not an afterthought; and security depends on制度 and processes rather than solely on technology.

Cregis co-founder Aaron Zhang summarized, “Today’s discussions confirm our judgment: the industry is shifting from ‘why on-chain financial infrastructure is needed’ to ‘how to build it better.’ Cregis will continue collaborating with ecosystem partners to promote interoperable, compliance-first, enterprise-ready infrastructure development.”

The summit was jointly organized by Cregis, Stable, Jsquare, and FutureCloud, with strong support from Interlace, DR, AWS, and other organizations. Participants agreed that as regulatory frameworks become clearer, technological architectures mature, and institutional adoption accelerates, on-chain financial infrastructure is entering a historic growth phase that will profoundly reshape global capital flows and business settlement paradigms.