Chris Rhine, the Managing Director of Galaxy, stated in the "Institutionalization of Digital Assets" roundtable session at Token2049 in Singapore: In more developed areas, the traditional financial sector will not only seek efficiency. They may start with the least liquid asset categories. Because you won't transfer liquid asset categories to illiquid market spaces, and currently the tokenized market space is illiquid because there really aren't that many transactions in the market right now.

Galaxy's CEO Chris Rhine stated at the Token2049 "Institutionalization of Digital Assets" roundtable in Singapore: "There are currently some differences between the East and the West, largely due to the more hostile regulatory approach taken by the United States. Of course, there are also some countries that closely cooperate with the United States, and they are concerned that some regulatory pressure may seep into other regions.

Binance founder CZ made a speech at the "Virtual Fireside Chat: CZ" event in Singapore Token2049, saying: "One thing that needs to be clarified is that cryptocurrency does not need 100% popularity. The global Internet penetration rate is only about 60%. So we may think that everyone is using the Internet, but according to some recent statistics I have seen, only about 60% of people around the world are using the Internet.

Binance founder CZ spoke at the "Virtual Fireside Chat: CZ" session in Singapore Token2049, saying: Actually, in my opinion, the key is the OTC channel for legal currency exchange for cryptocurrency. Everyone's focus is different, and this is the key to the problems we see. At the beginning of this year, due to the strengthening of regulatory policies, we saw many traditional institutions withdraw from the OTC market. But at the same time, we also saw some new institutions enter the market. This industry already has tens of millions of users.

CZ spoke at the "Virtual Fireside Chat: CZ" session at the TOKEN2049 conference in Singapore, saying: In my opinion, the key is the OTC channel for legal currency exchange of cryptocurrencies. Everyone's focus is different, and this is the key to how we see the problem. At the beginning of this year, due to the strengthening of regulatory policies, we saw many traditional institutions exit the OTC market. But at the same time, we also saw some new institutions enter the market. This industry already has tens of millions of users.

Binance founder CZ spoke at the "Virtual Fireside Chat: CZ" session at Token2049 in Singapore, stating: "I hope to see a blockchain-based social media platform, because today we only have Twitter, and we are all heavy Twitter users. So this application can be developed based on blockchain, and we can handle various problems, such as spam, fraud, and identity verification.

Pradyumna Agrawal, Managing Director of Temasek, said at the Singapore Token2049 "Institutionalization of Digital Assets" theme roundtable: "In different markets, there are consistent themes in terms of protecting retail investors and retail investor protection. I think this is because many regulatory actions have taken place in the United States, and many people are actually paying attention to the United States. In this region, the very obvious theme is that institutional participation is very critical. It really depends on each institution, how they will formulate policies and how to deal with this issue. There has really been more progress in formulating regulatory policies.

Giovanni Vicioso, global head of CME Group's encryption products, said at the Singapore Token2049 "Institutionalization of Digital Assets" theme roundtable: When some companies consider investing in the field of cryptocurrency, these companies must show their participation and investment to the board of directors and shareholders. Therefore, they must do their homework to prove why they want to do this, because they see the potential value. This is something they must be able to convince the board of directors and shareholders of.

Pradyumna Agrawal, Managing Director of Temasek, said at the Token2049 "Institutionalization of Digital Assets" roundtable in Singapore: "Now we are talking about spot and spot-based ETFs. From an institutional perspective, I think there is a common theory that in each cryptocurrency bull market, you will touch different market effects. So you start interacting with those who were the earliest to get involved, then you turn to those who benefit from cryptocurrencies, and then high-net-worth individuals, family offices, and the prediction is that in the next wave, there will be a large-scale phenomenon of institutional participation.

Chris Rhine, the Managing Director of Galaxy, said at the Token2049 "Institutionalization of Digital Assets" roundtable in Singapore: "When communicating with many institutions, they believe that approving Bitcoin and Ethereum ETFs for spot trading is a huge regulatory milestone. This almost helps to view cryptocurrencies as an asset class rather than just a potential unregulated investment tool. So most of the feedback I have heard is positive. I think from another perspective, the involvement of large institutional capital will involve time.