traditional finance

OKX Ventures Partner Jeff Ren: DeFi is an important innovation in traditional finance, and the two have a complementary relationship

ChainCatcher news, OKX Ventures partner Jeff Ren was invited to attend the "Hong Kong FinTech Week 2023" event, where he participated in a roundtable discussion on DeFi innovation and transformation alongside Fabian Astic, Global Head of DeFi and Digital Assets at Moody's Investor Services, and Janine Grainger, CEO of Easy Crypto. The roundtable was hosted by CoinTelegraph journalist Tom Mitchelhill. During the discussion, Jeff Ren stated that based on fundamental principles, DeFi brings decentralized, programmable, automated, and transparent financial services through the smart contract technology of blockchain networks, representing a significant innovation and complementary integration with traditional finance. For example, RWA (Real World Assets) bringing real assets on-chain and securely transferring ownership is one of the best application cases.It is reported that OKX is the diamond sponsor of "Hong Kong FinTech Week 2023." The event is organized by the Hong Kong Financial Services and the Treasury Bureau and the Invest Hong Kong of the Hong Kong SAR Government, co-organized by the Hong Kong Monetary Authority, the Securities and Futures Commission of Hong Kong, and the Insurance Authority of Hong Kong. It is expected to attract over 30,000 participants from around the world and 5 million online views.
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