Roshan Robert, CEO of OKX, joins Remy Blaire at the New York Stock Exchange to discuss the recent surge in interest surrounding stablecoins, particularly following Circle’s IPO and OKX’s integration of USDG, a stablecoin issued by Paxos. Roshan highlights the significant momentum in the market, with Bitcoin reaching new record highs and Ethereum surpassing the $3K mark. He emphasizes the importance of regulatory developments, particularly the Genius Act, which aims to bolster the U.S. economy and extend the reach of the U.S. dollar through stablecoins.
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Navigating the Future of Digital Assets: A Conversation with OKX CEO Roshan Robert
stablecoins the talk of the crypto world recently after Circle's post-IPO rally right here at the New York Stock Exchange.
OKX just joined the Global dollar network and integrated USDG, a stablecoin issued by Paxos.
Now tokenized equities are also competing for the spotlight.
Not surprisingly, major banks and big tech could soon launch their own stablecoins.
And across the Atlantic, PayPal launched a European integration with crypto exchange OKX and here in the US.
The 119th Congress is pushing to get the Genius Act signed into law by the end of this week.
Joining me here at the New York Stock Exchange this morning is Rosan Roberts, CEO of OX.
Roshan, great to have you here.
Hi Remy, thanks for having me.
Well, here is a big week when we're talking about digital assets.
It's crypto week in Washington DC.
We saw Bitcoin clear new record highs yesterday, not just above 1200, but also 123K.
And Eth also soaring back.
Above the 3K levels.
So tell us what you're seeing on the OX platform when it comes to retail investors.
Oh, there is a lot of interest in the OX platform as we launch here in the US.
We have formally launched in April of this year and we continue to sort of build services and products both for the retail and the institutional customers here in the US.
Of course it is crypto week right now, probably one of the more consequential weeks for crypto.
And if you're one of those who believe that this is an inflection point for the industry with more and more assets getting into public blockchains, it's probably a very important week for the larger financial services industry as well, and I believe we have a lot of tailwinds as we continue to progress the business here in the US.
Yeah, when we Think about regulation that was among the many reasons why there was so much anticipation heading into 2025.
And here we are at the beginning of the second half of 2025.
So what is on your list when it comes to your expectations from DC this week?
Well, I think 3 bills are moving through the House this week, the Genius Act, the Clarity Act, and the anti-CBEC Surveillance Act.
I think all three are consequential to the crypto industry.
The Genius Act Act, especially, I think it is more than just crypto.
It is it is it is a bill that is very American in its its point of view. stablecoins at large helps the US economy.
It helps extend the reach of the US dollar.
It also provides a new demand source for US debt.
So I think a very consequential bill, and we are all hoping that it will do well in the house.
And I do want to ask you about stablecoins because we have the Circle IPO here at the.
Stock Exchange and we saw a lot of momentum after that company went public, but with stablecoins gaining the attention of not just institutional but also retail investors out there.
Tell us how you're involved with the stablecoin space.
Yes, we did make a few announcements over the last 7 days.
We did announce our partnership with Circle last week and yesterday we announced our partnership.
In the global dollar network, which is USDG, the Paxil stablecoin.
And in both cases we get to to launch these stablecoins and allow 60 million users in 180 countries to actually do a 1 to 1 convert between USDG or USDC to $2.
So I think that's a very big unlock for us and quite proud of this partnership that we have both with Circle as well as with with the.
The dollar.
And finally, Roshan, I do want to get your perspective when it comes to tokenized equities.
So of course it depends on the market that we're talking about.
So whether we're talking about public companies for audiences overseas or we're talking about pre-IPO shares.
So what is your take in a nutshell when it comes to tokenized equities?
I think it is a market that is bound to grow in leaps and bounds.
We currently have around.
By the end of 2024 we had around 15 billion in RWAs on chain, and by June of this year that number went up to nearly 25 billion in RWA's on chain.
That is a tremendous leap, and I think with more and more institutions getting into this space, it's a market that's bound to grow a lot.
And one more question before I let you go very quickly, tell us what all of this means for retail investors that are watching right now.
What does it mean in terms of products? more choice, more products, and a more effective and efficient way to invest in a broader range of assets, and I think the doors are opening for more retail investors to sort of really come into the space.
OK, Roshan, it was great to have you here join me at the New York Stock Ex today.
Thank you so much for your pleasure.