LPEA Insights Panel Highlights Rise & Challenges of Digital Assets

On Thursday 15 October 2026, the Luxembourg Private Equity & Venture Capital Association (LPEA) hosted flagship LPEA Insights private markets conference at Luxexpo The Box in Luxembourg-Kirchberg.

The 2026 edition, held under the theme “Private Capital at the Crossroads”, welcomed around 1,500 participants with over 100 speakers taking part in the conference programme, which primarily examined the choices facing GPs and LPs amid macroeconomic shifts, artificial intelligence, evolving exit and liquidity dynamics and the opening of private markets to a wider investor base, as well as the paths likely to shape the future private capital landscape.

The programme was divided across three stages: the Insights Stage focused on markets, strategy and forces reshaping private capital, with discussions covering macroeconomic forces, AI and exit dynamics, evergreen funds, access to private capital, private credit, industry consolidation, secondaries and infrastructure, as well as a keynote on AI in complex environments; the Toolbox Stage focused on practical expertise in operations, technology, regulation and value creation, with topics including AI implementation, cross-border mergers and acquisitions, private assets and unit-linked life insurance, ESG, wealth management infrastructure, mutualisation and standardisation, and digital assets; and the Investment Stage featured sessions on address allocation, fundraising and cross-border investment, including venture capital allocation, investing beyond borders, Luxembourg from a GP perspective, fund development, fund terms, family governance, the €5 billion Scaleup Europe Fund and the strategic value of data.

Chronicle.lu attended the Digital Assets and the Traditional Finance Infrastructure session on the Toolbox stage, which featured contributions from Thomas Campione, CFA at Deloitte; Alain Demarolle, Founder at Alura Capital S.à r.l.; Nataniel Elkaim, SIGNAL Week Organiser; and Cathrine Foldberg Møller, Partner at DLA Piper.

The session focused on tokenisation, stablecoins, legal issues and the convergence of traditional and new finance. With an emphasis on the growing adoption of such technologies, Alain Demarolle remarked: “Digital assets are going to become an integral part of traditional finance.”

He added that the tokenisation of financial assets was “a trend which is here to stay” and with tokenised deposits “we now have a bridge between the traditional financial world and the crypto financial world.”

Nataniel Elkaim noted that the technology and adoption “is evolving a crazy pace and the change is so radical”but is still “driven by market appetites”. On the uptake in the adoption of these financial mechanisms, he said: “I see a world in which crypto is enable through a lot of different actors,” and noted the attractive benefits of “being able to audit ‘on chain’ and derive flow and be more traceable than any physical currency - it is immutable.”

On the transition from traditional to digital finance, Thomas Campione said: “We see these historically distinct worlds converging… From a tokenisation perspective, we have come to a point for the market as a whole where we are in a one-way transition phase.”

Cathrine Foldberg Møller stated that “Luxembourg are front runners when it comes to blockchain regulations” but observed that the emerging divergence of regulation standards between US and Europe will hinder global settlements. In relation to Europe she remarked: “We have harmonised rules which are being interpreted differently in different states…. This is a challenge for the players and the regulators.”

Looking to the future of the technologies, Cathrine Foldberg Møller said: “We are in an area that has a really bad reputation, often through misunderstanding. Better understanding will help and the regulation that comes with it. Players need an opportunity to prove it is a viable alternative.”