Byreal Debuts at Solana APEX, Aims to Bridge CeFi and DeFi

Byreal, a pioneering project incubated by Bybit, made a bold debut at the Solana APEX event, signaling a significant step towards the integration of onchain capital markets. The event, held in Budapest, brought together key industry figures, including Solana Foundation President Lily Liu, Bybit Co-founder and CEO Ben Zhou, and Byreal Founder Emily Bao. The discussion centered around the future of decentralized finance (DeFi) and the seamless flow of real assets across centralized and decentralized financial systems.

Lily Liu opened the session with a visionary statement, emphasizing Solana's ambition to become the premier ecosystem for capital. She highlighted the potential for tokenized equities, such as those planned in the upcoming xStocks project, to provide global investors with exposure to public markets outside the U.S., all built natively onchain. This initiative represents a trillion-dollar opportunity, according to Liu, and underscores Solana's commitment to supporting a wide range of financial instruments, from memecoins to money market funds.

Ben Zhou, CEO of Bybit, reinforced the convergence of traditional finance (TradFi) and Web3. He noted that the future lies in the integration of centralized exchanges (CEX) and decentralized exchanges (DEX), rather than competition between them. Bybit's recent MiCAR license in Europe, which enables direct crypto access via bank accounts, and the expansion of TradFi instruments like indices, forex, and stock CFDs on its platform, exemplify this convergence. Zhou also spotlighted Byreal, a project designed to meet the growing need for deep, programmable, onchain liquidity.

Emily Bao, the founder of Byreal, took the stage with a clear and compelling vision. She criticized the current state of DeFi, highlighting the distortion caused by overhyped projects and mismatched valuations from the previous bull run. Bao positioned Byreal as a permissioned DEX on Solana, curating highly-demanded assets and providing real trading infrastructure for genuine users. Byreal aims to bridge fragmented liquidity and support high-potential projects, enabling traders to discover the next great asset early and with conviction.

Byreal is designed to sit at the intersection of centralized finance (CeFi) depth and decentralized finance (DeFi) access. Its smart routing engine will unify fragmented order books and bring institutional-grade execution to the onchain world. Byreal's public beta is set to launch on June 30, with Solana as its initial platform. This launch marks a significant milestone in the evolution of onchain capital markets, paving the way for a future where real assets flow seamlessly across financial systems.

Byreal is the ultimate liquidity layer built for real assets, delivering unmatched liquidity for users. It integrates DEX, Launch, and Vault into a unified smart routing architecture, forming a full-cycle growth engine that supports asset discovery, trading, and yield generation across multiple ecosystems. Byreal's public beta drops June 30, launching first on Solana.