PANews October 31 news, according to official sources, Dr. Xiao Feng, Chairman and CEO of HashKey Group, stated in a keynote speech titled 'On-chain' and 'In-chain' at SmartCon2024 today: The traditional and crypto financial markets will achieve interoperability through stablecoins (fiat tokenized Payfi), ETFs (off-chain securitization of crypto assets), RWA (on-chain tokenization of traditional assets), and STO (tokenization of on-chain Web3 businesses), all facilitated by licensed compliant institutions (on-chain deposit, loan, and exchange transactions).
Dr. Xiao stated: 'On-chain' primarily occurs through three methods: Web2 (data on-chain), DePIN (device on-chain), DeFi (asset on-chain). On-chain is a path for users to embrace broader value rather than a destination. The recently launched Ethereum L2 public chain, HashKey Chain, will build a compliance-friendly ecosystem that encourages innovation, allowing traditional finance and Web3 users to share the infinite possibilities and values brought by blockchain technology and applications.