Gracie Lin is Regional CEO for Singapore and Australia and Head of VIP Development at OKX. She spent the primary decade of her profession on the Financial Authority of Singapore, overlaying banking supervision earlier than transferring into markets, then held roles at sovereign wealth fund GIC and at Southeast Asian tremendous app Seize, the place she led regional technique and economics. She joined OKX in 2024 to run its Singapore enterprise because it obtained its Main Fee Establishment license from MAS, and has since taken on Australia and a worldwide remit for the trade’s highest-value purchasers.
Why it is best to hear
It’s uncommon to listen to a crypto govt defend regulators with none seen reluctance, and Lin does it from expertise. Having sat on the opposite aspect of the desk, she frames regulation as a set of arduous trade-offs reasonably than an impediment: supervisors need innovation however should additionally defend customers, defend the monetary system, preserve a degree taking part in subject, and watch what each different jurisdiction is doing. Her argument is that the implications of a regulator getting danger improper are far bigger than these going through any single firm, which is why she thinks business has to interact continually and constructively. Additionally it is the thread operating via her sizzling take, {that a} regulated future is a supply of progress reasonably than a constraint, as a result of adoption depends upon belief.
On the bottom, she is candid in regards to the business price. Singapore’s strict advertising and marketing guidelines make it tougher to achieve a broad shopper base and slower to convey merchandise to market, however as a result of each licensed participant faces the identical restrictions, OKX has constructed accordingly, and she or he says the enterprise has grown meaningfully since licensing, anchored by accredited and complicated buyers. Australia, the place OKX launched in 2024 with a derivatives license, is now transferring via the nation’s new Digital Belongings Framework, and Lin says the trade is in search of the extra authorizations wanted to supply a fuller product vary. She additionally explains the much less seen half of her job: harmonizing how OKX defines and serves VIP purchasers globally, and why refined merchants, no matter their measurement, find yourself asking for a similar issues, from collateral administration throughout positions to separating buying and selling danger from custody danger.
The broader image is a shift in what crypto-native customers wish to maintain. Lin says OKX is seeing curiosity transfer towards tokenized real-world property, together with fairness derivatives and pre-IPO publicity to AI firms, merchandise the trade now presents in a number of markets although not but in Singapore or Australia. She discusses the strategic partnership with Intercontinental Trade, proprietor of the New York Inventory Trade, and what either side brings. For an instance of the long run already arriving, she factors to the OKX Card, which lets Singapore customers spend stablecoins anyplace Visa is accepted whereas the service provider is solely paid in native foreign money. For New Zealand listeners, she confirms OKX is watching the market carefully. And her science fiction decide, Kazuo Ishiguro’s Klara and the Solar, arrives with a neighborhood connection: Taika Waititi’s adaptation, shot in Wānaka and Auckland, is due in cinemas subsequent month.
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