On April 8, the Hong Kong Crypto Finance Forum was held at the Hong Kong Convention and Exhibition Center. Justin Sun, founder of TRON, was invited as an important guest to attend the forum. He held a wonderful roundtable discussion with Google Cloud Strategic Advisor Michael Yung, StakeStone Chief Strategy Officer Rose Li, PoPP co-founder Andrew Sato and Humanity Protocol founder Terence Kwok on Indispensable Infrastructure - Building a Blueprint for the Future of the Crypto Finance World and shared TRONs latest business achievements, emerging business models and deep insights into the development of the industry.
TRON’s business achievements and emerging models
In his speech, Justin Sun first introduced the remarkable achievements of TRON in business. He emphasized that TRON is committed to building a centralized cryptocurrency infrastructure, providing everyone with a platform for decentralized asset issuance, trading, and the use of various stablecoins and applications on this infrastructure. At present, TRON has developed into a global payment and clearing network, connecting with all cryptocurrency networks around the world, and the number of users is about to exceed 300 million.
In terms of on-chain business data, the total stablecoin issuance of TRON exceeds 66.7 billion US dollars, and the daily settlement volume is as high as more than 30 billion US dollars. In addition, TRON maintains close contact with major exchanges, wallet suppliers and various developers in the industry to jointly promote the development of the crypto financial ecosystem.
It is worth mentioning that Sun Yuchen is the largest shareholder and investor of the Trump familys cryptocurrency project World Liberty Financial. The project is in the process of globalization and will carry out a lot of development work on TRON. Sun Yuchen said that the project team is strong and will launch many meaningful applications. TRON will also continue to provide assistance and follow up on the project progress to maintain its leading position in the infrastructure field.
Compliance is an important topic in the cryptocurrency industry, and Sun elaborated on it in depth. He pointed out that since Trumps election, the compliance process of the entire industry has made significant progress.
Justin Sun believes that in the future, US regulators are expected to approve more ETF-compliant financial products other than Bitcoin and Ethereum, and the overall trend encourages the development of cryptocurrencies.
In terms of fighting crime, TRON has jointly established the T 3 Financial Crime Unit (T 3 FCU) with Tether and blockchain intelligence company TRM Labs to fight financial crime. Since its establishment, the unit has frozen a total of $130 million in criminal funds involving cryptocurrencies. In addition, TRON has also cooperated with the Hong Kong Police Department, the U.S. Department of Justice, and the Spanish Police Department to jointly fight criminals in the cryptocurrency field, reflecting TRONs initiative and sense of responsibility in maintaining industry security.
Cross-chain challenges and security
Regarding the cross-chain field, Justin Sun believes that the biggest challenge lies in security. In the past few years, cross-chain bridge thefts have occurred frequently, and the thefts of cross-chain bridges and exchanges account for more than 95% of cryptocurrency thefts, and the proportion of cross-chain bridge thefts even exceeds that of exchanges. The reason is that cross-chain and cross-chain infrastructure are usually web3 projects, and the resource investment and security investment are relatively small compared to exchanges. Some cross-chain bridge project teams are only more than 30 people, and there are very few people who focus on security, while the number of teams engaged in hacking and penetration far exceeds that of cross-chain related teams.
With the development of technology, the means of network attacks are becoming more and more diverse. Not only does the leakage of mnemonic private keys pose a security risk, but the front-end and multi-signature are also not absolutely safe. Sun Yuchen emphasized that only by promoting cross-chain development under the premise of ensuring security can the use of blockchain become more convenient and simple.
The combination of AI and blockchain and future imagination
In terms of the combination of AI and blockchain, Justin Sun shared TRONs planning and vision. He said that the company has been committed to developing a cryptocurrency-related payment AI Agent product. Justin Sun believes that the current regulation of AI is too strict, and AI should be managed as a human being and given human rights, rather than just being regarded as a tool.
He proposed that an important direction for combining AI and blockchain is to realize the human rights of AI. Specifically, it is planned to issue ID cards to AI, so that it has a TRON address and a cryptocurrency address, so that it can open an account, make payments, and cooperate with other AI or people, and can choose to pay or free services according to its own wishes. In this way, AI is given payment channels and human rights, and payment channels such as Ethereum will also be connected in the future.
At the end of the roundtable discussion, Justin Sun made suggestions for the development of the cryptocurrency industry. He emphasized that it is crucial to continue to communicate with regulators and law enforcement agencies to combat crimes involving Web3 and cryptocurrency. TRON hopes to send a signal to the entire industry and society that cryptocurrency does not welcome criminals, and anyone who uses cryptocurrency or related tools to conduct criminal activities will be punished.
Sun also actively defended the reputation of the cryptocurrency industry, pointing out that the proportion of crimes committed by traditional banks and cash is much higher than that committed by cryptocurrencies. Combined with TRONs efforts to establish T3 FCU to combat cryptocurrency crimes, he is confident about the future development of the cryptocurrency industry.
Justin Suns speech at the Hong Kong Crypto Finance Forum fully demonstrated TRONs achievements and plans in business development, compliance construction, technological innovation, etc. It also provided valuable ideas and suggestions for the future development of the cryptocurrency industry, and attracted widespread attention from both inside and outside the industry.
It is reported that the CryptoFi Forum Hong Kong (CFF) is committed to building a dialogue and cooperation platform to promote the development of the global crypto-financial industry. It invites representatives from government and regulatory departments, universities, academic research and consulting institutions, mainstream financial institutions and asset management platforms, as well as analysts, influential figures and business leaders active in related fields to gather together to discuss the cutting-edge directions and compliance applications of crypto-finance and Web 3.0 technology, and promote the compliance and large-scale development of the entire industry.
