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Aptos CEO rejects rumor that the blockchain will shut down within six months
Xiao Feng
2026-10-04 00:02:45

Xiao Feng says financial centers that reject tokenization and 24/7 markets risk being left in an older system

Wanxiang Blockchain chairman Xiao Feng used a keynote speech at the 12th Blockchain Global Summit in Shanghai to argue that tokenized assets, onchain finance, stablecoins and 24/7 trading should not be treated as a narrow product upgrade. In his view, they could reshape how international financial centers compete, pulling liquidity, capital and asset issuance toward markets that move first. He said the implications go well beyond longer trading hours, touching pricing power, settlement design, disclosure standards, cross-border financing rules and the structure of global market infrastructure. Xiao linked the shift to changes already under discussion in the United States. He referred to remarks by the CFTC chair on large-scale tokenization, onchain finance, round-the-clock trading and stablecoins, and argued that the next decade could bring changes larger than those seen in previous decades of US market evolution. He also said the US push is tied to the need to finance a new AI infrastructure cycle, from power to data centers, and to prepare markets for a future in which AI agents may participate in trading and payments. His broader warning was directed at other financial centers. If they do not accept tokenization, blockchain-based infrastructure and continuous trading, he said, they may remain in an older financial system while the largest markets move on. That, in turn, could affect liquidity, issuance, market standards and even who gets to set prices for assets traded across borders.

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