OKX Founder in TOKEN2049: Focus on On-Chain and Payments
Description
This episode features two segments from OKX Founder and CEO Star Xu at the TOKEN2049 conference: a keynote speech and a fireside chat. The audio content is in English.
In his keynote, Star Xu reflected on the evolution of the crypto industry over the twelve years since OKX was founded, highlighting Bitcoin and stablecoins as two major milestones. He contrasted traditional finance, which he described as a "closed system," with DeFi as an "open system." He emphasized that the future of finance will be built on transparent, interoperable, and global on-chain infrastructure, enabling full tokenization of assets and payments.
In the fireside chat, Star Xu focused on the rollout and vision of OKX's payment product, OKX Pay. He revisited the rise of Bitcoin and stablecoins, stating that stablecoins are poised to become the core infrastructure of future payments -- enabling low-cost, cross-border, peer-to-peer transactions, while also exceeding traditional banks in terms of security and compliance.
Timeline:
Keynote Speech by Star Xu
00:00 Bitcoin and stablecoins as the foundation of the crypto industry
01:08 The transparency and globalization of DeFi
02:51 Self-custody and compliance empower users to regain control
04:42 OKX builds real-time on-chain monitoring and global compliance framework
05:30 X Layer and OKX Vision Fund support the on-chain financial ecosystem
Fireside Chat
06:30 How crypto payments can integrate into daily life
08:40 Stablecoins as the future infrastructure for cross-border payments
10:01 How OKX Pay differs from and improves on traditional credit card payments
12:38 How on-chain payments enable yield generation for users
14:49 OKX as a liquidity hub for stablecoins
15:32 Why OKX chose a hybrid "self-custody + compliance" model
16:00 Multi-signature security to protect user funds
16:40 X Layer as the global infrastructure powering OKX Pay