The next five years in markets and wealth will see more structural change than the prior twenty-five — driven not by sequential innovation, but by simultaneous, compounding disruption across technology, regulation and demographics.
Theme 01 · Markets Converge
When traditional and decentralized finance converge — who will own the infrastructure?
Now
Always on markets
Traditional asset classes adopting near 24/7 trading and faster T+1 settlement
Next
Markets cross-pollinate
Traditional markets adopt products originating in decentralized format, decentralized finance builds traditional infrastructure
Later
Complete convergence
Distinction between asset classes collapses and rails become shared