HB Ventures CEO YT Tsoi says token listings are no longer the finish line for Web3 projects

HB Ventures CEO YT Tsoi says token listings are no longer the finish line for Web3 projects

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News Editor
2026-09-30 06:57:04
HB Ventures founder and CEO YT Tsoi said at GWDC 2026 Korea that Web3 has matured into part of the broader financial infrastructure and now needs to integrate with traditional finance. Speaking during a roundtable in Seoul, he said HB Ventures is focused on the stablecoin ecosystem, where new demand could emerge across custody, compliance and payment rails as more jurisdictions roll out local-currency stablecoins. Tsoi also outlined what he looks for in founders: teams that combine Web3 engineering ability with experience in traditional finance and regulation, plus a business model that can generate revenue beyond narrative alone. He added that both token issuance and exchange listings have become difficult, and that listings should no longer be treated as an endpoint. In his view, projects need a path to survive for an extended period without depending on listing-driven momentum. Tsoi also urged early-stage teams to think ahead about defensibility and to speak with regulators before launch if regulatory approval is likely to be required later.

GWDC 2026 Korea was held on Sept. 29-30, 2026, at the aT Center in Seoul, South Korea. The event was hosted by Web3Labs and co-hosted by Techub News, HypaiLabs and TokenPost.

During a roundtable session, HB Ventures founder and CEO YT Tsoi said Web3 has reached a stage where it is becoming part of the financial infrastructure and needs to integrate with the traditional financial system.

Stablecoin infrastructure is a focus

Tsoi said HB Ventures is focusing on the stablecoin ecosystem. As more countries move to introduce local-currency stablecoins, he said that would create another layer of infrastructure demand spanning custody, compliance and payment rails.

Investment criteria go beyond narrative

On investment standards, Tsoi said the ideal founding team combines a Web3 engineering background with experience in traditional finance and even regulation. He added that projects need a clear revenue path rather than relying only on narrative.

He said token issuance and exchange listings are both difficult now. In the past, getting listed was basically the finish line; now it is only the beginning. Projects, he said, need to stay alive for a fairly long period without relying on listings.

Advice for early-stage teams

Tsoi also said early-stage projects should think in advance about how to avoid being easily copied. If regulatory approval is likely to be needed sooner or later, he said it is better to communicate with regulators before launch.

As for the next catalyst, Tsoi pointed to broader stablecoin adoption. He said local-currency stablecoins issued from within the traditional financial system could have broad distribution coverage, and retail usage could spill over into other areas of Web3.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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