Insight

CVCF 2026: When AI Agents Begin to Transact

Discus Fish of Cobo and Samuel Tse of Animoca Brands discuss how AI agents, digital identity and blockchain could change the way money moves.

Updated

November 2, 2026 12:03 PM

The Agentic Economy Summit at CVCF 2026 explores how AI agents and digital assets could shape the future of business and finance. IMAGE: CYBERPORT

For an AI agent to manage money on someone’s behalf, it needs more than the ability to follow instructions. It must be able to establish whom it represents, access funds and transact within agreed limits.

These are among the questions informing the discussion of AI and digital assets at Cyberport Venture Capital Forum (CVCF) 2026. Ahead of the forum, Discus Fish, CEO and Co-founder of Cobo, and Samuel Tse, Head of Investment and Corporate Finance at Animoca Brands, shared their views on how this convergence could develop—and where they see opportunities for businesses.

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Could AI Agents Become Blockchain's Next Users?
Discus Fish, CEO and Co-founder of Cobo. PHOTO: CYBERPORT

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Discus Fish points to a longstanding challenge: blockchain can be difficult for everyday users to navigate, but AI agents may find it easier to interact with these networks.

“Blockchains have always been hard for ordinary people to use. AI agents may be better users: the chain is fully transparent and every record is traceable, which suits agents well.”

His outlook comes with a qualification. Both the agents and the networks they would use still need to develop.

“Agents aren’t capable enough yet, and chains are still adapting. But once agents truly run on-chain, the number of users and what’s possible will grow by an order of magnitude.”

Discus Fish says blockchain could reshape how financial assets are issued, traded and settled over the next five years. He also notes that institutional adoption has progressed faster than Cobo initially expected, with individual users no longer leading the shift. “Since 2017, we have believed blockchain will become part of the financial infrastructure of the future. We expected individual users to lead, but institutions moved faster.”

For Fish, the next stage involves a broader range of assets and financial clients.

“What gets redefined next is how assets are issued, traded, and settled. As traditional assets like US equities come on-chain, a much wider range of financial clients will follow.”

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Giving agents authority to transact
Samuel Tse, Head of Investment and Corporate Finance at Animoca Brands. PHOTO: CYBERPORT

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Samuel Tse, Head of Investment and Corporate Finance at Animoca Brands, focuses on investment opportunities across digital assets and agentic AI. He sees digital identity as essential to allowing AI agents to act on behalf of people while keeping transactions within the permissions they set.

He believes users should set clear rules for what an AI agent can do, allowing it to complete transactions without requiring approval for each one.

“Once agents can prove who they represent, hold digital assets, and move value under clear rules, the economy stops being click-by-click. You set the policy once—who, how much, for what—and the agent transacts inside it.”

He describes applications ranging from everyday payments and transfers to subscriptions, swaps and earning returns on idle funds. “That’s agentic transactions: payments, transfers, subscriptions, swaps, even chasing a better rate on idle cash. Identity is the trust layer. Assets and credentials are the spending authority—always accountable to the human who granted permission.”

In Tse’s account, the human remains the source of that authority. The agent acts within the permissions granted to it.

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Putting AI Agents to Work in Everyday Life

To illustrate how AI agents, digital identity and digital assets might work together, Tse offers a hypothetical Hong Kong parent's weekday.

“A Hong Kong parent’s weekday: top up the child’s Octopus, book a weekend football slot, translate a school notice for the helper, check weather before pickup, restock milk at the member price, and keep leftover budget earning until tomorrow.”

At present, he says, completing these tasks requires navigating services that often operate separately.

“Today that means many apps that don't talk to each other, and rails that struggle with micro payments.”

His proposed alternative brings the tasks together under instructions established by the user.

“With an agent, they set the rules once and let it decide what to do. Identity unlocks trust and member prices without oversharing. Digital assets fit the money—per-use fees, hard limits, yield until spend.”

For Tse, this combination could create opportunities across payments, merchants, identity providers and digital-asset platforms. He compares the potential scale of agentic commerce to an earlier change in how consumers accessed services.

“The iPhone in 2007 rewired how people buy and use services for 20 years. We are just at the beginning of a similar paradigm shift, with outcomes we can barely imagine.”

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Continuing the Conversation at CVCF 2026

Discus Fish and Samuel Tse offer two perspectives on the emerging agentic economy, from the blockchain infrastructure enabling transactions to the digital identity and permissions that allow AI agents to act on people's behalf. At CVCF 2026, these ideas will become part of a wider conversation with the leaders building and investing in this evolving space.

Be part of the conversation. Join industry leaders, founders and investors at CVCF 2026 on 4–5 November and explore the technologies and opportunities shaping the next phase of business.

Exclusive for Ventureport readers: Use code cvcf26vp to access a Full Access Pass for HK$300, subject to confirmation by the organiser.

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Strategy & Leadership

What the Sean ‘Diddy’ Combs Court Case Can Teach Us About Running a Business

How the high-profile trial of the music mogul offers lessons for entrepreneurs on accountability, ethics, and leadership.

Updated

January 8, 2026 6:35 PM

Sean "DIddy" Combs. PHOTO: NPC NEWS

Sean “Diddy” Combs—hip-hop icon, entrepreneur, and cultural force—has built a career on his larger-than-life persona, business acumen, and ability to dominate industries ranging from music to fashion to spirits. But his recent trial, which involves explosive allegations of racketeering, sex trafficking, and transportation to engage in prostitution, has cast a shadow over his legacy.

The federal trial, which began after his arrest in September 2024, has revealed shocking claims, including coercion, manipulation, and the abuse of power in both personal and professional settings. While Combs has pleaded not guilty to all charges, the case offers valuable lessons for small business owners about leadership, ethics, and the responsibility that comes with power.

Here’s what entrepreneurs can learn from the allegations and fallout surrounding Diddy’s trial.

1. Leadership requires ethical responsibility

Diddy has been accused of creating a toxic environment that involved coercion, manipulation, and abuse of power—both in his personal relationships and his professional dealings. The trial has highlighted allegations of “freak-offs,” elaborate sexual encounters with escorts that were reportedly coerced, as well as threats of financial and reputational harm to control others.

In business, leaders hold significant power over employees, partners, and collaborators.  whether through coercion, intimidation, or favoritism—can lead to toxic environments and long-term damage to the organization.

  • Lesson: Ethical leadership isn’t optional—it’s foundational. A business thrives when leaders create a culture of fairness, respect, and accountability.
  • What You Can Do: Establish a code of conduct for your business that applies to everyone, including yourself. Make sure workplace policies clearly define acceptable behavior and outline consequences for unethical actions.
2. Accountability starts at the top

The case has shown how Diddy’s alleged actions went unchecked for years, with accusations of violence, threats, and even financial control over his accusers. Testimonies from former employees and partners reveal a pattern of behavior that created a culture of fear and silence around him.

For small business owners, this is a reminder that accountability begins with leadership. If you fail to hold yourself and others accountable, you risk fostering an environment where misconduct is ignored or accepted.

  • Lesson: Build a culture of accountability in your organization. As a leader, you set the tone for how issues are addressed and resolved.
  • What You Can Do: Implement systems for reporting grievances anonymously, and ensure employees know they will be heard without fear of retaliation. Create a safe space where concerns can be raised and resolved transparently.
3. Your personal actions impact your business

A recurring theme in the trial is how Combs’ personal actions—both alleged and confirmed—have affected his professional reputation. From footage of him physically assaulting Cassie in a hotel hallway to allegations of coercion during drug-fueled parties, the courtroom revelations have tarnished his public image and cast a shadow over his brand.

For small business owners, this reinforces an important truth: your personal behavior can have far-reaching consequences for your business. Customers, employees, and partners often associate the values and reputation of a business with its leader.

  • Lesson: Your personal and professional lives are intertwined when you’re a leader. Protect your reputation by maintaining integrity in all areas of your life.
  • What You Can Do: Be mindful of your actions in both personal and professional settings. If mistakes happen, address them openly and take responsibility. Transparency and integrity can help rebuild trust.
4. Power dynamics must be managed carefully

The case has also highlighted the dangers of power imbalances. Testimonies from accusers like Cassie allege that Diddy used financial control—such as threatening to withhold rent payments—to coerce others into complying with his demands.

In a small business setting, power dynamics are also present, particularly between employers and employees or business owners and partners. Misusing that power, even unintentionally, can lead to resentment, distrust, and legal challenges.

  • Lesson: Power should never be used to manipulate or control others. Instead, use your position to empower employees and foster positive relationships.
  • What You Can Do: Regularly evaluate how decisions are made in your business. Ensure fairness in hiring, promotions, and partnerships, and avoid placing undue pressure on others to comply with your expectations.
5. Proactive measures prevent crises

The allegations against Diddy span more than a decade, with claims of abuse dating back decades. Had there been systems in place to address grievances or hold him accountable earlier, the damage to his brand—and to the individuals involved—might have been mitigated.

For small businesses, neglecting proactive measures to address workplace issues can lead to larger crises later. Waiting until problems escalate is not only costly but can also permanently harm your business’s reputation.

  • Lesson: Don’t wait for a crisis to address underlying issues. Build proactive systems to identify and resolve problems before they spiral out of control.
  • What You Can Do: Conduct regular employee feedback sessions, audits of workplace culture, and reviews of leadership behavior. Stay informed about potential risks and address them early.
Conclusion

The Sean “Diddy” Combs trial is a cautionary tale about the consequences of unchecked power, unethical behavior, and a lack of accountability. For small business owners, it underscores the importance of leadership that prioritizes transparency, fairness, and integrity.

Running a business isn’t just about profits—it’s about creating a legacy founded on trust and respect. By learning from the mistakes and controversies of others, entrepreneurs can build companies that inspire loyalty, foster positive relationships, and stand the test of time.