1、Volume 10 Look ForwardFuture of Capital MarketsGet the full picture anytime,anywhere.Scan the QR code to access the complete journal online.Look Forward JournalIntroductionVolatility and uncertainty are persistent challenges for financial markets,making it difficult to clearly visualize the future o

2、f capital markets.Still,financial markets continue to innovate and adapt,with a relentless drive to ensure that they can support and enable future business and capital needs.Private capital and digitalization advance that future by enabling a dynamic and scalable debt capital market.Tomorrows comple

3、x fundraising needs are already reshaping financial markets,establishing a foundation that is more customized and digital yet also possibly more fragmented.Private credit is funding new loans and debt instruments for thousands of new borrowers.Meanwhile,the growth of digital currencies and tokenized

4、 assets may provide the infrastructure to scale these financing avenues.The financial world is steadily increasing the capacity for tailored and creative funding solutions,and new systems for payment and asset transfers are creating new channels through which capital will flow.Financial innovation c

5、ombined with new technology could revolutionize the connective tissue of markets and bring the potential to offer customized capital at scale.Private credit may be more customized and less commoditized,but it lacks a standard market framework.Without such standardization,markets risk becoming increa

6、singly fragmented and illiquid with continued private credit growth.Tokenization will accelerate the pace of capital flows,enabling instant settlement,around-the-clock trading and expanded access to financial products for capital market transactions on a blockchain.Although the technology has been p