Domestic brokerages are also laying out #RWA, and the first Hong Kong debut.
Whoever eats the crab first will get the biggest benefit, just like last week's attempt by Futu Securities to support USDC deposits for overseas users. Under the logic of the Sino-US game, we will reproduce everything, and the advantage of competition is that innovation never stops!
If China develops #RWA, #OKX may be the biggest beneficiary, and 🧐 the equity structure determines its future!
At present, the two fastest-growing parts of #Web3, one is to do #RWA compliance, and the other is #Payfi, and we have invested in these two directions, so we have more research and attention. Today I saw that #OKX also released its own #Payfi product, which is far-sighted and forward-thinking.
As discussed in a previous article, a bold conjecture was put forward, "In 3 years, there will only be two types of crypto exchanges: one is still the traditional single crypto asset exchange; One is a new type of exchange with U.S. stocks + U.S. bonds + traditional financial derivatives + crypto assets. ’
The essence of the rapid development of modern Web2 finance is the development of credit prosperity, and the most lacking thing in Web3 is the on-chain credit system, #Payfi is the key to this link, and this on-chain credit system is closely related to the development of #RWA.#Payfi Who can become China's credit information center in the field of Web3, FICO, Equifax, Experian, and TransUnion in the United States, will dominate the world of Web3 consumer finance and inclusive finance in the future.
#OKX has recently made rapid efforts in the path of compliance, especially the recent priority to release products in the United States, which is meaningful, and this #Payfi is a further extension of the moat of crypto trading platforms.
From CEX to chain (OKX = OKX + X Layer), to payment, this is a very clear closed loop:
• Users buy coins with #OKX;
• Coins into the wallet (non-custodial);
• Low-cost payments through X Layer;
• Payment records are written on the chain, creating more native on-chain behaviors and realizing Web3 on-chain credit data;
• Web3 on-chain credit can provide more diversified financial services in the future, such as the development of consumer finance and inclusive finance.
• The above-mentioned financial closed loop feeds back the ecology of #OKX.
It's a closed loop that a lot of other exchanges want to do but haven't quite done yet, and now #OKX is making great strides, and it's worth looking forward to.
📝 To summarize why #OKX is significant:
• Really start making user-side products;
• Turning payments into a "use it today" reality;
• Empower your own chain to create native activity and on-chain credit system;
• Provides a powerful growth flywheel (Payments –> Wallet –> On-Chain Behavior –> OKX Ecosystem)
👇 The picture shows the current #Payfi ecological map.
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