Nenter (Nathan) Chow - Shaping Crypto’s Future - TOKEN2049 Dubai 2025

Good afternoon everyone. Uh, absolutely thrilled to be here today to address you as the new global CEO of BitMart, an exchange that's been a part of this industry for the past 7 years. I'm genuinely honored to share this moment. So, thank you to 2049 Dubai. And a very special thank you to BitMart's founder and group president Sheldon Sha for the opportunity to present to you all here today.

So today I'd like to talk about shaping our industry's future via AI powered scale and institutional trust. Crypto's obviously been buzzing topic with the new US regime and talks of institutional adoption at scale. That's why everyone was here to see Eric Trump. And while the institutions are here, there's still a lot of hype to sift through. And in order for our markets to truly scale, institutions need that full trust.

And there's still a lot of real challenges to tackle. The industry is at a pivotal point facing challenges like fragmented liquidity across markets and complex systems. But there's also full of opportunities to connect and utilize powerful tools like AI to innovate. So let's explore how we as an industry can come together and build a trusted thriving future. last year saw strong growth across all digital assets and projections now suggest they could reach anywhere from 20 to 30 trillion on the high end by decades end.

That's a significant percentage of all global assets which is probably around 20 uh 500 trillion or so. Our markets are diverse and it spans across both centralized and decentralized platforms. But unlike traditional finance where for example a stock is tied to a single regulator an exchange crypto operates globally free from any single regulators oversight. This flexibility fuels innovation but it also spreads liquidity across multiple venues making it harder to consolidate capital. While some are here, not all institutions are rushing in yet.

But they're gearing up, and we need confluence in order to truly scale our markets. Confluence is about traditional finance meeting crypto, creating markets where assets can flow freely. So imagine a world where investors move between digital and traditional assets as easy as switching lanes on a highway smoothly, efficiently, and routinely. The confluence starts with market structure. Traditional finance splits roles, right?

Your exchanges handle the trading, custodians secure the assets, and broker dealers connect the clients. But crypto, we took a different path. We built fast to enable access, matching, and settlement. It works, but it's not perfect. So to align with the institutions, the crypto industry can adopt clear roles, keeping trading, custody, and client services separate with funds protected.

Okay, that rhymes. Um, these principles are not about slowing down crypto. It's about making markets safer and more trustworthy, encouraging bigger players to join. Trading reflects similar challenges. Spot markets in regulated settings often lack it lack that depth while derivatives offer more liquidity but demands expertise.

So for instance, when you're building a portfolio with digital assets and you add in a derivative strategy can run smoothly if it's coordinated, but if it's fragmented, it risks errors and inefficiencies. So by aligning spot derivatives and asset classes with advanced AI technology, the industry can actually develop strategies that maximize for efficiency and value for all participants. AIdriven infrastructure powered by intelligent agents and reinforcement learning algos can scan decentralized liquidity sources in real time. These systems dynamically optimize cross-platform execution paths reducing slippage and boosting capital efficiency by over 20%. One could also argue that the biggest users of blockchain in the future may not be humans, but rather agents representing large numbers of humans driving scalable and efficient market interactions.

Such systems can enable traders, funds, retail users to participate in deeper and more accessible markets, amplifying growth. This is what we call AI powered scale. not just growing markets but completely transforming them. So our $3 trillion ecosystem today could easily grow exponentially and bring in more traders, funds, retail users if we coordinate spot, derivative and innovation wisely. Institutions are the cornerstone of this growth and their questions are a sign of readiness.

They're asking, you know, for example, how do derivatives function without centralized clearing? You know, what mitigates funding rate volatility? How do risk pools operate? These reflect engagement and not doubt. So, we have to have these two-way dialogue to build that institutional trust.

We have to educate on how AI tools, for example, can help and provide that transparency. Deep learning models analyze onchain behavior analysis, flagging smart contract vulnerabilities or arbitrage bot activities instantaneously. Market sentiment analysis powers systems that can predict collateral needs. Scaling tokenized money market funds, for example, that bridge blockchain with traditional finance. These tools ensure transparency, potentially inviting trillions in capital.

And to add to that, onchain data patterns can reveal systemic risks, empowering platforms to act swiftly, fostering confidence amongst asset managers and banks eager to join our ecosystem. Regulations tie into this and we have to always remember it's our ally and not our adversary. Clear rules protect users, stabilize markets and spark innovation. Institutional capital absolutely depends on clear reliable rules. Compliance and risk teams, they need that assurance that markets are secure.

But we all know compliance can be very intricate. But with the right tools such as AI, that changes everything. So for example, AIdriven smart contracts can embed automated compliance checking modules, preventing elicit trades in real time. Onchain data pattern analysis can assist regulators to identify systemic risks faster than manual methods. ZK proofs can enable privacy preserving clearing verification systems, balancing both transparency with security.

This synergy supports innovations like regulated per optimized by AI to ensure flexibility and stability. Multi-governance multi-party governance I apologize mechanisms mechanisms can ensure fairness and align with our vision of dynamic and trustworthy markets that can truly earn institutional trust through collaboration and clarity. Look, crypto's promise is universal and it should really embrace both retail traders and global funds alike and AI democratizes this access with zero code entry points. Natural language processing or NLPs enable voice activated contract calls letting users trade or stake assets completely effortlessly. Reinforcement learning algos can analyze user holdings and onchain behavior and generate personalized staking strategies or hedging uh recommendations tailored to individual risk profiles.

This empowers retail traders boosting trading volume and trust. Now, stable coins streamline payments, but with AI via market depth analysis and sentiment mining, can optimize for fee structures, ensuring that competitiveness. Platforms monitoring whale account movement and MEV attack patterns can maintain fairness, creating a 247 market where everyone can thrive. Credit systems are also a growth engine. Dynamic risk assessment models and onchain credit scoring systems can analyze transactions and collateral making lending secure and scalable.

So imagine banks offering measured leverage, doubling, tripling, quadrupling the size with AIdriven confidence. Yeah, prior lending systems have faltered, but with AIdriven models, I think that can really be our hope to rebuild that trust. Code vulnerabilities can be mitigated by deep learning models, ensuring robust platforms that institutions can trust. And the last one that's not on this slide is governance, which also shapes our future. Dows face very complex choices, but AI can streamline them.

Natural language processing can create structured proposals, while machine learning can simulate economic impacts of different decisions. AIdriven voting mechanisms adjust weights via onchain data flows to ensure transparent and fair decisions. Intelligent code generation can optimize for contract efficiency and reduce errors. These tools amplify our collective voice and does not replace them. And that's how you create inclusive markets that can scale globally.

This is our moment to shape crypto's future. And with AI powered scale, we're going to be able to unify markets, empower users, and redefine finance. With institutional trust, we welcome capital and probably lots of it, plus stability. So together, that's how we're going to forge a connected inclusive ecosystem where collaboration and innovation can thrive and ready for all market participants. By building on AIdriven governance and trust, we unite retail traders and institutions in a shared thriving ecosystem.

This diversity powers growth and recent industry mergers signaling expanding access with deals paving the way for further markets. I think there was one announced yesterday or an offer but um anyways integrated trading combining spot and derivatives through AIdriven strategies like reinforcement learning algos can optimize that capital and balance innovation with reliability to meet the rigorous regulatory standards. Now despite current challenges our market the future is bright. Envision major banks trading digital assets directly and not via proxies. But the underlying assets themselves, igniting a surge of institutional adoption.

So the momentum begins with us clarifying the rules, strengthening credit systems, and redefining market structures. Liquidity flourishes with participation. Skilled traders powered by onchain data analysis and personalized strategies will deepen our markets. Streamlined infrastructure guides institutions with clarity. Robust systems leveraging ZK proofs for privacy preserving clearing helps manage risks seamlessly while active clearing make sure trades settle smoothly fostering institutional trust transaction by transaction.

These are our shared ambitions building across the industry. Now, I'm super hyped by crypto's promise because this is a chance to democratize finance for all and the reason why I joined web 3 from the trady side because this is more than just the market. This is a movement to reshape wealth creation. And as BitMart's new global CEO, I'm 100% dedicated to listening, learning, and partnering with you all. So, I would love to unite to forge clear plans, tackle fragmentation with real solutions, and transform our collective vision into reality, and together to build a crypto future that's connected, trusted, and open for everyone.

Thank you so much for hearing what I had to say. Appreciate it.