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Find all Middle East and Africa Summit 2025 sessions here: https://milkeninstitute.org/events/mi... Digital finance is moving from experimentation to real-world scale as institutions explore tokenized assets, digital bonds, distributed-ledger settlement, and next-generation payments infrastructure. Market participants are evaluating how these technologies can enhance transparency, efficiency, and access; while addressing familiar risks around volatility, security, and operational resilience. Central banks continue to test digital currencies, and private-sector stablecoin initiatives are accelerating the modernization of financial rails. As digital assets mature, the key questions shift toward where institutional investors will find durable value and how new architectures will integrate with the broader capital-markets ecosystem. From tokenization to payments innovation, what models are most likely to endure—and where are the most compelling opportunities in the years ahead? Michael Piwowar Executive Vice President, Milken Institute Finance Adeeb Ahamed Founder and Managing Director, Lulu Financial Holdings Yoni Assia Co-Founder and CEO, eToro Yuval Rooz Co-Founder and CEO, Digital Asset Joanne Strain Partner, United Arab Emirates, Quinn Emanuel Urquhart & Sullivan, LLP