Cables: Unlocking $7T Crypto Market with RWA-Backed LSTs

Cables Finance at Consensus Hong Kong: Big Ideas, Bigger Opportunities

The Cables team recently returned from Consensus 2025 in Hong Kong, where the energy and enthusiasm for the crypto and DeFi space were palpable. The event brought together a diverse mix of DeFi-native projects, institutional crypto players, and innovators pushing the boundaries of the industry. The consensus among attendees was clear: crypto is maturing, and the demand for robust financial infrastructure has never been stronger.

The week kicked off at MetaEraHK’s event, where Web3 founders, entrepreneurs, and investors delved into the future of DeFi. Discussions ranged from bridging traditional finance (TradFi) capital to on-chain markets to the evolution of revenue-weighted assets (RWAs) and liquid staking. This momentum carried over to Cables' co-hosted side event, where top crypto leaders gathered for a night of idea-sharing and in-depth discussions on DeFi's biggest gaps. The industry is shifting, and the demand for capital-efficient, revenue-generating models is growing rapidly.

Midweek, Cables' Co-Founder Matt Miller took the stage to break down the core problems the platform is solving with RWA-backed liquid staking tokens (LSTs) and its perpetual decentralized exchange (DEX). The audience was engaged, as people began to see the real potential of bringing yield-generating assets on-chain and giving them utility in trading and liquidity markets.

Miller explained the fundamentals of building sustainable financial infrastructure that institutions and everyday traders can use. He stated, "Our mission is to bring the traditional futures and FX RWA markets to crypto LSTs and perps, unlocking a $7T a day market currently stuck in an old-school TradFi system."

At its core, Cables is building the foundation for the next evolution of DeFi, where real-world financial infrastructure seamlessly integrates with on-chain markets. By unlocking yield-bearing RWAs and pairing them with advanced trading infrastructure, Cables is creating a more capital-efficient, globally accessible financial system. The goal is not merely to replicate TradFi structures on-chain but to improve them, making markets more open, transparent, and liquid for everyone.

Beyond speaking engagements, the Cables team hit the ground running at DNA House, connecting with early-stage partners, founders, and investors over insightful conversations. The networking at Consensus