OKX Founder in TOKEN2049: Focus on On-Chain and Payments

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