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      2026人の注目講演者

      スピーカー
      Rajesh Sabari

      Rajesh Sabari

      Chief Commercial Officer

      Liminal Custody

      View the agenda

      Rajesh is a seasoned executive with over 20 years of international experience in Fintech, digital media, and communication services. Rajesh has lived and worked in several continents, gaining extensive expertise in shaping growth strategies, program management, business development, market expansion, and business turnarounds across the Asia-Pacific region and beyond.

      Currently, Rajesh leads global sales, partnerships, and marketing at Telcoin, a blockchain based startup focussed on driving financial inclusion. Previously, he and his team successfully built Mastercard’s Data and Services business in Asia Pacific, developing partnerships, digital merchants, distribution channels, and government accounts into a fast-growing, diversified revenue stream from the ground up.

      Rajesh has also spearheaded international expansion for various Fintech, AI/Big Data, managed services, and telecom companies, including launching three operations in Japan. He began his career designing telecom networks. Rajesh holds an MBA (High Honors) from the University of Chicago Booth School of Business, a Graduate Certificate in AI & Blockchain from Stanford, a B.S. in Computer Engineering from the National University of Singapore, and is a CFA charterholder.

      講演

      • 10:10–10:40午前木 26 2月Experts DialogueMain Stage, Bellesalle B2Open

        Others

        Tokenized Markets: Liquidity, Custody and Portfolio Design | トークン化市場 ── 流動性、カストディ、ポートフォリオ設計

        Experts DialogueMain Stage, Bellesalle B2Open

        About this session

        Tokenised assets are beginning to reshape how portfolios are built, distributed, and safeguarded, moving beyond pilots into real-world implementation for professional investors. The discussion focuses on how tokenisation alters fund structures, improves or challenges liquidity, and enables fractional access to previously illiquid or alternative assets, while introducing new models for custody and key management across public and permissioned chains.
        Key themes include the role of digital money and tokenised cash in primary issuance, secondary trading, and settlement, and their implications for NAV calculation, intraday liquidity, and operational risk. The session also explores how existing compliance, risk, governance, and custody frameworks can be adapted to accommodate tokenised instruments, and what this means for product design, distribution channels, and the future architecture of asset management in Asia and globally.

        トークン化資産は、ポートフォリオの設計、流通、管理の在り方そのものを変えつつあります。実証段階を越え、プロ投資家による実装段階へと移行し始めているのです。本セッションでは、トークン化がファンドの構造にどのような変化をもたらすのか、流動性を改善、もしくは阻害するのかを検討します。また、これまで流動性が低かった資産やオルタナティブ資産への小口投資をいかに可能にするのかについても議論します。さらに、パブリックチェーンおよび許可型チェーンにおけるカストディ体制や鍵管理の新たなモデルにも焦点を当てます。

        主な論点として、デジタルマネーおよびトークン化された現金が、発行市場、流通市場、決済の各プロセスで果たす役割を取り上げます。あわせて、それらが純資産総額（NAV）の算定、日中流動性、オペレーショナルリスクに与える影響についても検討します。さらに、既存のコンプライアンス、リスク管理、ガバナンス、カストディの枠組みをどのように見直し、トークン化された金融商品に対応させていくかを議論します。そのうえで、こうした変化が商品設計や流通チャネル、さらにはアジアおよび世界の資産運用の未来にどのような影響を及ぼすのかを考察します。