HTX Ventures Publishes New Report on the Convergence of CeFi, DeFi, and TradFi

HTX Ventures, the global investment arm of HTX, has published a new report titled The Convergence of CeFi, DeFi, and TradFi in 2026: How Institutional-Grade Hybrid Architecture Is Taking Shape. The report examines how CeFi, DeFi, and TradFi are converging to form a new institutional digital-asset architecture. As custody, collateral, execution, yield, and risk management are unbundled from the traditional all-in-one platform model, each layer is increasingly being occupied by specialized market leaders: TradFi provides regulated, yield-bearing assets; centralized platforms and custodians manage institutional access, compliance, and execution; while DeFi protocols and risk curators supply programmable backend infrastructure. The report argues that this hybrid structure could offer institutions a more controlled path to adopt and test digital-asset products. It also signals a broader reallocation of revenue and market power toward the players that control asset issuance, custody, distribution, risk management, and client relationships. The full report is available at: https://square.htx.com/the-convergence-of-cefi-defi-and-tradfi-in-2026-how-institutional-grade-hybrid-architecture-i…

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