At the Hong Kong Web3 Festival, Bybit used the stage to make that message clear: the backend is built — now it’s about the frontend.
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During a panel titled “From Backend to Frontend: How Crypto Assets Are Making Their Way into Mainstream Finance,” Bybit’s Global Head of Policy Mykolas Majauskas joined Franklin Bi and Steve Zeng to map out crypto’s next phase.
The discussion focused on a key transition: crypto is no longer just infrastructure quietly powering systems behind the scenes — it’s moving into the user-facing layer of finance.
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Majauskas framed it directly: crypto is evolving into core financial rails, not just an alternative asset class.
“Crypto’s transformation from a speculative asset class to financial infrastructure is happening now,” he said, pointing to tokenized capital markets as a clear signal that institutional adoption has moved past experimentation.
The Three Layers Driving Adoption
The panel broke crypto’s mainstream integration into three critical layers:
Technology layer: Infrastructure enabling tokenization at scale
Distribution layer: Platforms like Bybit shaping how users access crypto products
Policy layer: Regulatory frameworks catching up to real-world adoption
This stack reflects where the industry stands today — not early-stage experimentation, but active deployment.
Tokenization, in particular, emerged as a focal point. As traditional assets move onchain, crypto infrastructure is increasingly being positioned as a global settlement layer, not just a parallel system.
Regulation Is No Longer the Bottleneck
Bybit pointed to its regulatory progress in Europe as proof that clearer frameworks are accelerating real-world use cases.
Through its EU entity operating under Markets in Crypto-Assets Regulation in Austria, the company is already working within a defined legal structure — something that has historically slowed adoption in other regions.
The takeaway: regulatory clarity is shifting from constraint to catalyst.
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Bridging TradFi and Onchain Systems
Bybit is positioning itself as more than a trading venue — leaning into infrastructure, policy engagement, and institutional-grade tools to connect traditional financial systems with blockchain-based rails.
With over 80 million users globally, the exchange is betting that the next wave of growth won’t come from speculation, but from utility: payments, tokenized assets, and integrated financial services.
