Dr. Xiao Feng, Chairman and CEO of HashKey Group, delivered a keynote speech entitled "On-chain" and "On-chain" at SmartCon 2024 today, saying that the traditional and crypto financial markets will be interconnected through stablecoins (Payfi tokenized with fiat currency), ETFs (off-chain securitization of crypto assets), RWA (on-chain tokenization of traditional assets), and STO (on-chain tokenization of Web3 businesses), which will be carried out by licensed and compliant institutions (on-chain deposits, loans, and exchange transactions). Dr. Xiao said: "On-chain" is mainly carried out in three ways: Web2 (data on-chain), DePIN (equipment on-chain), and DeFi (asset on-chain). On-chain is a path for users to embrace greater value rather than a goal. HashKey Chian, the Ethereum L2 public chain recently released by HashKey, will build a compliance-friendly and innovation-encouraging ecosystem, allowing traditional financial and Web3 users to share the infinite possibilities and value brought by blockchain technology and applications.
