TON Gateway Recap - BTC in Telegram Panel

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In early November, Calvin Shen, Hex Trust’s CCO, was invited to speak on the "BTC in Telegram" panel at TON’s annual conference, The Gateway, in Dubai. 

Alongside fellow panellists including FBTC’s Zuki Hong, Stacks Asia Foundation’s Kyle Ellicott and TON’s Roman Krutovoy, Calvin shared his insight on the intersection of TON, Bitcoin, BTC Teleport, yield opportunities, and BTCFi potential. 

Key takeaways:

• To support the movement of traditional financial institutions into decentralised finance, and increase their investment in Bitcoin, institutions need the same core principles of compliance, security, governance and risk management that they’re accustomed to.

• Working with a regulated and licensed counterparty like Hex Trust, and leveraging our institutional-grade infrastructure, will enable institutional access into BTCFi, propel investment in Bitcoin, and unlock Bitcoin’s utility.

• We’re still early in this movement. BTC TVL is only 1% of market cap, compared to Ethereum’s 15%. One of the biggest tailwinds is bringing in the regulatory parameters to allow big capital to enter the space in a secure manner.

• In next 5-10 years, we won’t call this BTCFi - simply Bitcoin. Bitcoin is established as an investable asset class; an asset class that is already legitimized, and an asset that everyone can invest in. Now that traditional institutions are finally investing into BTC, they’re beginning to consider utility - staking, liquid staking, borrowing and lending, collateral management, and more. 

We’re just getting started!

Catch Calvin’s segment here and access the full TON Gateway panel recordings here.