 and its growing relationship with traditional finance (TradFi) in 2025.){kind=link}
“The Genius Act has really opened the doors to the evolution of stablecoins as an ecosystem.” – 03:13
Remy Blaire engages in a compelling discussion with Roshan Robert, the CEO of OKX U.S., live from Money20/20 USA in Las Vegas. The conversation centers around the transformative changes occurring in decentralized finance (DeFi) and its growing relationship with traditional finance (TradFi) in 2025.
Remy opens the segment by highlighting the significant developments in the financial landscape, noting that banks are increasingly offering crypto products and services to their clients. He mentions the remarkable growth of tokenized real-world assets, which have reached a value of $20 billion this year. Roshan responds by emphasizing the ongoing conversations among traditional financial institutions regarding DeFi, driven by the impressive growth of the DeFi ecosystem, which has seen the total value locked rise to approximately $230 billion.
The discussion shifts to the concept of “institutional DeFi,” as Roshan explains how traditional institutions are looking to harness the benefits of DeFi while maintaining the regulatory controls established over the years. Remy prompts Roshan to share insights on the most promising areas of digital asset innovation, to which Roshan identifies four key opportunity sets: the expanding spot market, derivatives, real-world assets (RWAs), and the intersection of stablecoins and payments. He notes that OKX U.S. is at various stages of development in these areas and anticipates increased partnerships between traditional institutions and the crypto space.
As the conversation progresses, Remy and Roshan delve into the regulatory landscape, particularly the impact of the Genius Act on the evolution of stablecoins. Roshan expresses optimism about the future of the stablecoin ecosystem, predicting significant growth that will influence both payments and capital markets. He clarifies that OKX U.S. remains agnostic regarding stablecoin issuers, believing there is sufficient room for multiple players in the market.