According to @secondswap_io, most tokenized assets still trade on infrastructure not built for on-chain markets, which the post frames as a constraint on authentic secondary markets, source: @secondswap_io. At the inaugural Midnight Summit in London, SecondSwap CEO and founder @LCV_KL presented four pillars for modern secondary market design: transparency, capital efficiency, global pricing, and on-chain settlement, source: @secondswap_io. The post highlights these pillars as requirements for building credible trading venues in tokenized asset markets, source: @secondswap_io. A video clip of the presentation was shared with tags to Midnight Foundation and Midnight Network, underscoring the event context for these market-structure priorities, source: @secondswap_io.