Frontier Dialogue #18
December 22, 2025

Follow Us

直播封面-英文.png

A partial list of (registered) participants


Today, digital technologies are beginning to transform not just financial instruments, but the underlying architecture of trust in the global economy. The rapid emergence of tokenized assets, programmable settlement networks, and digitally native payment instruments signals a shift toward financial systems where transactions, contracts, and compliance can be executed entirely and inclusively onchain. New legislations on stablecoin have the potential to integrate web2 and web3 finance, paving the way for the transformation of global financial system, trade system and corporate innovations.

 

At the same time, advances in AI are reshaping how economic activity is coordinated. We are approaching an era where autonomous software agents will transact, negotiate, and manage liquidity directly on digital ledgers. The interaction between these onchain infrastructures and agentic AI opens tremendous opportunities, but also raises foundational questions about identity, governance, and the design of future financial institutions.

 

To deepen our understanding of these developments, we are hosting an upcoming session of our Frontier Dialogue series around the following four thematic pillars:

 

  • ● The Architecture of Trust: How will blockchain as a trust technology reshape the global financial system? At what pace and to what extent? What are the key opportunities and challenges?

  • ● The Onchain Economy: How will stablecoins and Real-World Assets (RWAs) reshape the boundaries and mechanisms of global liquidity and capital formation, and thus impact the real economy?

  • ● The Agentic Frontier: What happens to TradFi, CeFi, and DeFi markets when autonomous AI agents evolve from passive tools into active economic participants?

  • ● Governance and Policy: How can regulatory frameworks ensure stability and interoperability in a financial system defined by decentralized execution?

 

To tackle these issues, we have gathered a distinguished panel of leading researchers and practitioners.


Panel I keynote Presentations

On the Foundational Architecture of Onchain Payment, Systemic Stability, and Market Design

Speaker: Gordon Liao (Circle)

Dr. Liao is the Chief Economist of Circle and formerly a senior economist at the Federal Reserve Board. Sitting at the intersection of academic research and industry practice, he will analyze the foundational architecture of onchain payment networks and their implications for systemic stability and market design.


Building the Bridge between Web2 and Web3 Finance: An Investor's Perspective

Speaker: Joseph Chee (Solana/Summer Capital)

Mr. Chee is the Executive Chairman of Solana Company and a Founding Partner of Summer Capital. A veteran of traditional finance with over 20 years of experience at UBS and other global banks, he has successfully bridged the gap to Web3. He will share his insights on the shift into Digital Asset Treasuries (DATs), the unique opportunities for Real-World Assets (RWA) in the Asian market, and how institutional capital is reshaping the crypto landscape.


The Onchain Economy: New Sovereign Instruments & Liquidity

Speaker: Darrell Duffie (Stanford)

Professor Duffie is the Adams Distinguished Professor of Management and Professor of Finance at Stanford University, a past president of the American Finance Association and chair of the Financial Stability Board’s Market Participants Group. He will discuss his proposal for "Perpetual Overnight Rate Treasury Securities" (PORTS) and how floating-rate Treasury notes could serve as the essential, liquid collateral needed to underpin stablecoin and RWA markets.


The Agentic Frontier: Tokenomics and AI

Speaker: Lin William Cong (Cornell)

Professor Cong is the Rudd Family Professor of Management at Cornell University and the founding director of the “FinTech at Cornell” initiative. He is also the inaugural senior economic advisor and senior economist at Chainlink Labs. A founding scholar for FinTech and "tokenomics" studies, he will discuss tokenization design and the convergence of Web3 and AI, focusing on how agentic economies will redefine market incentives and the future of automated finance.


Cross-Border Integration: Policy Frameworks for Digital Money

Speaker: Dong He (AMRO)

Dr. He is the Chief Economist of AMRO (ASEAN+3 Macroeconomic Research Office). Prior to this, he served as Deputy Director of the Monetary and Capital Markets Department at the IMF and Executive Director at the Hong Kong Monetary Authority (HKMA). Leveraging his deep experience in shaping the global financial stability agenda, he will address the macro-financial implications of digital currencies and the policy frameworks required to foster reliable cross-border payment systems.


Panel II Panel Discussion and Q&A

Speaker: All participants

Subscribe to our news
SUBMIT

    Alibaba Digital Ecosystem Innovation Park, No. 1 Ai Cheng Street, Yuhang District, Hangzhou, China.


    events@luohanacademy.com