Xie Jiayin, head of Greater China at Bitget, shared takeaways from Token2049 in Singapore, pointing to three shifts he sees in the crypto industry. First, he said users are becoming more sophisticated and are increasingly defining products from the bottom up. Demand for tools that improve capital efficiency, including options and strategy marketplaces, came directly from users, while institutions remain focused on the capital-efficiency gains that tokenization can offer. Second, he said the market bubble is being cleared out and projects are starting to move away from token-centric models. Instead of relying mainly on token issuance as a marketing tool, projects are turning to services such as payments, asset management and brokerage to create what he described as real value. Third, Xie said the industry is entering a period with clearer regulatory frameworks. In his view, short-term pain is unavoidable, but over the longer run, compliance and institutionalization will help the sector settle into a more mature financial infrastructure.
Xie Jiayin, Bitget’s head of Greater China, shared his takeaways from Token2049 in Singapore and said several shifts are becoming clearer across the crypto industry.
He said users are becoming increasingly sophisticated and are starting to define products in reverse, from demand back to design. According to Xie, the need for products that improve capital efficiency, such as options and strategy marketplaces, was raised by users themselves. For institutions, he said, the core demand remains the capital-efficiency gains brought by tokenization.
Xie also said the bubble is being flushed out and projects are beginning to move away from token-centric models. Rather than relying solely on token issuance for marketing, he said, projects are turning to payments, asset management and brokerage services to generate real value.
He added that the industry is entering a stage with clearer regulatory frameworks. In the short term, he said, pain is inevitable. Over the long run, compliance and institutional participation will help the sector develop into mature financial infrastructure.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
