Star Xu - Everything Onchain, Self-Custody is the Future - TOKEN2049 Singapore 2025
Join Star Xu, founder of OKX, at TOKEN2049 Singapore 2025 as he explores the transformative impact of onchain technology and self-custody, heralding a new era in finance. Reflecting on the evolution from Bitcoin's early days to the current robust landscape of decentralized applications, Xu outlines how onchain finance is reshaping the global financial system. He highlights the critical evolution of technology, from limited Bitcoin transactions per second to thousands supported by current Level 1 and Level 2 chains, making extensive onchain transactions a reality.
Xu emphasizes the importance of transparency, globalized access, and the ability to migrate assets seamlessly in the onchain environment. Drawing parallels with the mobile industry's evolution from closed to open systems, he argues that DeFi offers a more open, transparent, and inclusive financial infrastructure compared to traditional finance.
The talk delves into why self-custody represents the future of finance, emphasizing the "verify first, trust later" paradigm, supported by advanced onchain monitoring and compliance capabilities that exceed those of traditional financial institutions. Xu highlights OKX's commitment to this future through initiatives like OKX Pay—a self-custody wallet—and strategic collaborations with companies like Mastercard, Tether, and Uniswap.
Concluding with a visionary outlook, Xu declares the future of finance is in the wallet, not vaults, inviting everyone to participate in building this promising decentralized finance landscape. Engage with this insightful discourse by liking, commenting, and subscribing to our channel for more cutting-edge discussions.
