Star Xu - Everything Onchain, Self-Custody is the Future - TOKEN2049 Singapore 2025

12 years before when I started OKX at that time Bitcoin is like a magic bean gaming coin when we host a conference like this we do hundreds of Bitcoin lucky drop today I'm not sure would do this but today we can see Bitcoin ETF market cap is already bigger than the old ETF, Ethereum and Solala chain has become the real infrastructure to decentralized applications applications. So the the next arrow about finance is not just institutions holding your money is about you holding your money onchain. We can if you look at look back the mobile industry we can see there are closed system and open system. There are company like a classic legend company like a loyal Motorola they make the device themselves. They develop the operation system and application themselves.

But when the new generation company Apple this giant company disappeared in couple of years today if you look at tradefi most of tradefi is exact a closed system at the same time we can see defy is open system the transaction is transparent everybody can develop a d app. The definition about onchain system is first it must be transparent. Second it should support everybody deploy your code. Third it should not rely on single service provider. You can migrate your asset from one service provider to another provider.

Number four all of the it should be globalized. In the near future we will see more and more asset go to onchain. Today we have crypto we see tokenized the equities there will be bond real world asset and a payment everything will be onchain how far the onchain finance from us I can tell you the infrastructure is ready it's coming today so 12 years before the bitcoin chain can only deal with 12 transa seven actually seven transaction per millions today we can see a lot of l1 chain can deal with thousand transaction per seconds and there are a lot of L2 chains which build the infrastructure over on the Ethereum can deal with more than 10,000 transaction per seconds and there are successful basic blockchain asset Bitcoin is a blockchain gold stable coin is one of the most success application in last 12 years we also see most crypto company knowing how to work with under the regulatory framework. Today we can see globally more and more country has a crypto regime. United States created the genius act.

European Union has a ma also Singapore MS is very proactive regulator. Why self custody is the future in humanities thousand years of history. We work hard. We make money. We put the money on at home.

Maybe on the bed if it's necessary. There is no agency hold our money. But today there is a a lot of agent. We have to choose what agent I can trust. I trust the agent first.

I verify it later. If the agent bankrupt then maybe we are lucky you have opportunity to recover your money. But in blockchain world in self-custody technology you can verify first you can look at this D app what's their reserve what how many transaction they deal with what's if if it's a loan protocol you can see what's their collateral rate so you tr you verify first you trust later these self custody doesn't means unsecurity or non-compliant there will be a lot of onchain monitoring technology make us make the crypto company can actually do battle anti-moneyaundering then trade fine traditional financial institution you only has the transaction in your own firm but to crypto company you have you can see the transaction in the how blockchain you can leverage big data and AI technology do anti-moneyaundering much better than trade fine there are multisc Abstract account technology make your wallet as safe as a bank account. Abstract account wallet technology actually can allow you hold a self custody. If you lose your private key, you can still find some way to recover your wallet.

So this year when a biggest hacking incident happen another company we develop a real time onchain detection system to prevent the hacker use our wallet for this amazing onchain finance what we OKX as a 12 years company we build these infrastructures first the OKX centralized exchange we are one of the most liquid exchange in the world. We get licensed in major jurisdiction such as United States, European Union, UAE, Singapore, Australia and a lot of other jurisdictions. Our company always have the wallet first vision. We build OKX Pay is a self-custody wallet with a compliance layer. We can help our user transfer money like a send message.

We build X layer which is a level two chain deal with OKX pay transaction. We make our customer can transfer money from the globally under this peer-to-peer network. We also partner with a lot of industry company to co-build this journey. We are sponsor to McLaren and Manchester City. We take we deliver our crypto vision to hundreds millions of their fans.

We work with industry great company so Mastercard, Tether, Paxus. We also work with a lot of native crypto company like Apto Stray, Uniswap. Yeah. OKX wallet, OKX exchange. We closely work with all of these great company.

We work with global influencers. So every year OKX share hundreds millions dollar to our global affiliates. We set up OKX vision fund to spons to sponsor the the project team to deploy application on the X layer. So I believe the amazing onchain finance arrow is not just belongs to OKX, it belongs to everybody. We can build this together with everybody.

So the future of finance is not in your vaults, is in your wallet. It's a beautiful future.