Expanding the Boundaries of BTC Finance Through RWA | JingXiong H - Solv

good oh excellent um great well um thank you to our previous speaker and uh for now I would love to introduce um co-founder of solve protoc protocol um Jean and he's going to talk to us about expanding the boundaries of Bitcoin Finance through rwa Round of Applause please call hi there mik test okay um well firstly good afternoon and thanks everyone for being here um definitely a bigger crowd than yesterday uh uh firstly thanks to the city of Denver for hosting the conference uh it's actually my first time here uh been a very enjoyable week um last night I went to watch the the hockey game very very good very very exciting um so anyway so I'll just get straight into it so I'm part of the team itself we've been building in this space for the last four years coming to five um we've been doing for quite some time and in a oneliner what we are building is y bearing Bitcoin right the ability to generate Returns the ability to generate yield the ability to do something with Bitcoin so if we take a step back and see what has been happening [clears throat] so if we take a step back and see what what has been happening right um over the last 6 to 12 months we have in my view created something that has a pretty decent product Market fit as a as a protocol we have hit roughly 2.5 billion in assets St across various offerings we have over a million users and I think it's something that that goes to show that hopefully this is something that the market is looking for that there's some form of demand for a product like that in my view where we are at right now can be probably be broken up into three portions Bitcoin or Bitcoin Finance really has tref so your ETFs your gray scale and all those you have your CI which is your centralized exchanges and many many companies that are probably not around anymore guys like Celsius guys like Voyager and then you have defi the way we see it intertwining is when you have tradire you bring in large amounts of capital large amounts of assets and most importantly you bring in legitimacy and you bring in regulation so that in our view goes a long long way to making this space sustainable legitimate and regulated and then you have defi which we are all very very familiar with and what really is defi defi in my view and defi in our view is innovation every year you have many products many protocols many projects getting built but realistically less than 1% or less than 01 0.1 of% of them actually get any traction but we are here for the Innovation for The Cutting age for new developments and then in between all of that you have something called centralized Finance what what what is that actually for a lot of the users in this space a lot of of the long-term holders they don't really look to sell they don't really look to cash out their assets right they want to hold this things as long-term digital goal so how do they actually utilize it in the real world when all the assets are in the crypto world right so you have services like lending collateralization borrowing Investments etc etc and I feel like we are at a point where we have these three segments and it's solve what we're hoping to do is to create an ecosystem that really ties all these together where we want to be the One-Stop shop where users can hold their assets can keep their assets safe but at the same time use their assets for let say buying a cup of coffee or larger purchasers like buying a car buying a house or wealth management and Investment Services whether you want to do crypto you farming whether you're talking about longer term wealth management investment products so at all that's really what we are looking to do on a longer term basis so in the next stage of what we are building and in the next stage of what we are developing I think there are there are a number of focuses right we want we want to be the One-Stop shop we want to be the center point where a lot of the users are uh going to pass through and the way we see it is as follows most of the assets most of the crypto assets and most of the Bitcoin assets are going to increasingly be held in places like your ETFs your traditional holders your traditional Finance holders the first question and the first step is how do you actually bring this pools of capital and bring this users into defi into this ecosystem I think it's a very very big bridge that we need to cross and there still a lot that needs to be done so over the next few months and this is something we have been working on for quite some time it's about tokenization and tokenizing this ETFs that's step one after you have tokenized them and brought them on chain via erc20 contracts what do you actually do with them because you don't want them to be assets just sitting in wallets being inactive not really doing anything you want them to be participants in this ecosystem whether is it lending whether is it borrowing whe is it trading essentially it's not being siloed out but just really being combined together as as as one ecosystem right so that's really what we are thinking about I think we have most of this already worked out and hopefully we'll be able to um get that launch in probably the next one month or so so that's something I think we are quite excited with um the other thing that we are looking at and it's also going to be happening relatively soon stud is even though yeah I don't have my slides there today but even even though a lot of the things that we are focused on we talk about RW we talk about real world assets but what what we really are looking to do and what we are doing is Bitcoin and the real world our assets are all in the digital world but we live in a real world how do you actually utilize these assets how do you actually bring them to be utilize in your day-to-day life and I think [clears throat] that's a lot of things that we have been thinking about we have been trying to design a lot of the products around so the next one we are going to launch and we haven't decided on a name is how do you bring a lot of real world Investments whether is it crossb payments whether is it payi related whether is it trade receivables trade trade financing many many of this kind of things how do you actually make them accessible to to to users in a regulated manner in a safe manner in uh in in in methods that allows you to have legal um the word uh a legal claim on many of these things right how do you design the entire thing uh so these are things that we have been spending a lot of time working on both together with chains that are very focused on this both with Partners they are looking to build this so really we are hoping to build an entire Suite of products an entire Suite of offerings where we want to combine your trefi pools of capital your trefi users all the way to your defi Innovation and how do we want to really combine them together so yeah I think that's all I really want to cover today I mean if anyone has questions definitely feel free to stop me if not I think that's all for today thank you