HTX Ventures has released a report forecasting a 2026 convergence of CeFi, DeFi, and TradFi. This convergence is creating a new institutional digital-asset architecture. Traditional all-in-one platforms are being unbundled into specialized layers. TradFi will offer regulated, yield-bearing assets. Centralized platforms and custodians will handle institutional access, compliance, and execution. DeFi protocols and risk curators will provide programmable backend infrastructure. This hybrid structure aims to offer institutions a controlled approach to digital-asset adoption. The report predicts a reallocation of revenue and market power. Specialized players controlling key functions will gain prominence. HTX Ventures is the investment arm of HTX, focusing on incubation and research.