Dr. Xiao Feng, Chairman and CEO of HashKey Group, delivered a keynote speech entitled "On-Chain" and "In-Chain" at SmartCon 2024 today, stating that traditional and crypto financial markets will achieve interoperability through stablecoins (Payfi, which is a fiat-tokenized stablecoin), ETFs (off-chain securitization of crypto assets), RWA (on-chain tokenization of traditional assets), and STO (tokenization of on-chain Web3 business), all of which will be carried out by licensed and compliant institutions (on-chain storage, lending, and trading).
Dr. Xiao stated that "On-Chain" mainly involves three ways: Web2 (data on-chain), DePIN (device on-chain), and DeFi (asset on-chain). On-chain is a path for users to embrace greater value rather than a goal. HashKey's recently released Ethereum L2 public chain, HashKey Chain, will build a compliant-friendly and innovation-encouraging ecosystem, allowing traditional finance and Web3 users to share the infinite possibilities and values brought by blockchain technology and applications.