Turning Digital Assets into Daily Life with OKX
Buying espresso with stablecoins as simply as utilizing Apple Pay might sound futuristic, however for Lennix Lai, Global Chief Commercial Officer at OKX, it’s the sort of on a regular basis actuality crypto is heading towards. In this interview, he shares how OKX is working to make digital belongings accessible to all, from constructing the “new cash app” to pioneering zero-knowledge expertise and tokenized real-world belongings that would remodel international finance.
Can you share OKX’s imaginative and prescient for the way forward for crypto buying and selling?
Our imaginative and prescient is to make crypto buying and selling as accessible, safe and acquainted as any mainstream monetary service. We’re constructing the “new cash app,” the place individuals can commerce, maintain and pay utilizing digital belongings of their day by day lives – not simply as a specialist or an investor however as a part of on a regular basis finance.
What main tendencies do you imagine will form the worldwide blockchain and digital asset infrastructure?
I see regulatory readability, cross-chain connectivity, and tokenization of real-world belongings main the best way. As frameworks like GENIUS Act and MiCAR get adopted, and as Layer 2 options and bridges get extra refined, digital belongings will move extra freely and securely. This all hurries up mainstream and institutional adoption.
What’s the idea behind “pockets as a browser,” and the way is OKX getting ready for it?
“Wallet as a browser” means making your crypto pockets the entry level to the whole lot – funds, DeFi, NFTs, and even digital identification. We’re scaling up our pockets to assist 130+ blockchains and constructing in options like passkey splits and ZK e mail restoration. It’s about opening up the whole onchain world with a click on, with out complexity.
How can the trade overcome challenges of scalability and high transaction charges to allow widespread adoption?
I imagine the reply is zero-knowledge expertise and environment friendly layer-2 blockchains. With X Layer, our EVM Layer 2, we’re delivering 1000’s of transactions per second for near-zero charges. Transactions are quick, reasonably priced, and prepared for the sort of scale that makes crypto sensible for everybody.
How does OKX foresee tokenized real-world belongings reworking international capital markets by 2030?
Tokenized real-world belongings are already altering the sport. We’re not seeing them as competitors with mainstream finance; large gamers like Nasdaq, Franklin Templeton, and Stripe are rolling out digital asset custody, tokenized settlement platforms, and blockchain-powered fee rails. We anticipate trillions extra in liquidity and extra versatile, accessible markets as these establishments use blockchain to modernize how trades, custody, and funds work.
What improvements can enhance person expertise and accessibility, notably for these new to crypto buying and selling?
For new customers, our focus is on eradicating friction. That means easy onboarding, simple pockets restoration, clear navigation, and low-fee trades. Features like “silent rewards” and one-tap entry to buying and selling and funds make the method really feel acquainted, so anybody can get began with confidence – identical to utilizing a daily Web2 app.
What improvements in compliant self-custody wallets does OKX anticipate will develop into trade requirements?
We see safe, compliant self-custody as the long run. Our method mixes MPC wallets, break up key administration, seamless restoration, and an intuitive KYC course of, so customers get privateness and management with built-in safeguards. The thought is to let anybody, retail or establishment, handle their belongings with peace of thoughts and with out leaping by hoops.
How is the trade addressing safety threats like hacks, fraud, and wash buying and selling in crypto markets?
Security is a high precedence and means extra than simply chilly storage. We use multi-signature safety, real-time monitoring, AI-driven fraud detection, and third-party audits like Proof-of-Reserves to remain forward. Regular penetration testing and trusted custody companions give customers and establishments the safety and transparency they anticipate.
What infrastructure developments is OKX prioritizing to assist international buying and selling and funding progress?
We’re investing closely in X Layer and unified stablecoin order books so customers and establishments get deep liquidity and frictionless trades. Our pockets helps over 130 blockchains, and our institutional custody options – like our collateral mirroring program with Standard Chartered – give establishments a safe, regulated technique to commerce and maintain belongings with confidence.
What does the following “golden period” for crypto appear like from OKX’s perspective, and the way are you getting ready for it?
The golden period for crypto is when digital belongings match seamlessly into day by day life, not simply as investments or buying and selling devices, however as part of on a regular basis funds. Imagine shopping for a espresso with stablecoins at any service provider, with the identical ease and familiarity as Apple Pay, Google Pay, or every other cell pockets, whereas the seller receives their forex of alternative (e.g., fiat, crypto) identical to every other transaction. We’re getting ready by rolling out OKX Pay in additional key markets and additional integrating with main networks, so crypto can really develop into a routine a part of international commerce for everybody.
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