Xie Jiayin: Users Are Becoming More Professional, Reverse-Defining Products to Form a Virtuous Cycle

Odaily reports that Xie Jiayin, Head of Bitget Greater China, posted on X sharing his thoughts from attending Token2049 Singapore. First, users are becoming increasingly professional and have begun to reverse-define products—demands such as options and strategy marketplaces to amplify capital efficiency were all raised by users; for institutions, the capital efficiency gains brought by tokenization are a core need. Second, the bubble is being cleared out, with projects beginning to de-tokenize—no longer relying solely on token issuance for marketing, but instead creating real value through payments, asset management, and brokerage services. Third, the industry is welcoming a clear regulatory framework, which will inevitably bring short-term pain, but in the long run, compliance and institutionalization will drive the industry to consolidate into mature financial infrastructure.