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Author: Wei Xiang

  • [BCG] Mapping the Layer-1 Landscape: Benchmarking Blockchain Projects Across Key Themes

    [BCG] Mapping the Layer-1 Landscape: Benchmarking Blockchain Projects Across Key Themes

    Wei Xiang

    In today’s maturing blockchain ecosystem, investors are shifting focus from speculative trends to projects demonstrating clear real-world utility and sustainable value generation. While traditional Web3 themes such as DeFi remain important, new themes such as stablecoins and tokenization of real-world assets (RWAs) are emerging as top priorities for institutional and retail investors. In this article,… Read more

  • [IMF] Decrypting Crypto: How to Estimate International Stablecoin Flows

    [IMF] Decrypting Crypto: How to Estimate International Stablecoin Flows

    Wei Xiang

    This paper presents a novel methodology—leveraging a combination of AI and machine learning to estimate the geographic distribution of international stablecoin flows, overcoming the “anonymity” of crypto assets. Analyzing 2024 stablecoin transactions totaling $2 trillion, our findings show: (i) stablecoin flows are highest in North America ($633bn) and in Asia and Pacific ($519bn). (ii) Relative… Read more

  • [dynamic] The 2025 Stablecoin Playbook

    [dynamic] The 2025 Stablecoin Playbook

    Wei Xiang

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    This report was created to help product builders, fintech teams, and developers understand how to navigate the stablecoin landscape with clarity and confidence. It breaks down the mechanics of stablecoins, the infrastructure required to use them, and the regulatory context shaping their future. Whether you’re exploring payments, remittances, or neobank products, this guide offers practical… Read more

  • [The White House] STRENGTHENING AMERICAN LEADERSHIP IN DIGITAL FINANCIAL TECHNOLOGY

    [The White House] STRENGTHENING AMERICAN LEADERSHIP IN DIGITAL FINANCIAL TECHNOLOGY

    Wei Xiang

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    The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our Nation’s international leadership. It is therefore the policy of my Administration to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy, including by:(i)… Read more

  • [GLI] Legal considerations in the minting, marketing and selling of NFTs

    [GLI] Legal considerations in the minting, marketing and selling of NFTs

    Wei Xiang

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    In recent years, the rise of digital content consumption and collecting has raised the challenge of proving the “original” version of a work that can be easily replicated. This issue hinders the development of a digital ownership economy, as most current models operate under a digital license economy where users lose access once subscriptions end… Read more

  • [Antony Martini] Luxembourg’s Tokenization Framework: A Compliance Playbook for the Future of Finance

    [Antony Martini] Luxembourg’s Tokenization Framework: A Compliance Playbook for the Future of Finance

    Wei Xiang

    Luxembourg has established itself as Europe’s leading jurisdiction for tokenization through progressive legislation, EU regulatory alignment, and proactive engagement with industry stakeholders. This briefing outlines the current regulatory landscape, sectorspecific applications, compliance challenges, and strategic opportunities for financial services professionals operating in the Luxembourg tokenization ecosystem. Core Regulatory Foundations Luxembourg’s strategic approach to tokenization regulation… Read more

  • [HKMA] Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Stablecoin Issuers)

    [HKMA] Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Stablecoin Issuers)

    Wei Xiang

    This Guideline provides guidance to assist a licensee to understand the money laundering and terrorist financing (ML/TF) risks associated with regulated stablecoin activities and sets out the relevant anti-money laundering and counter-financing of terrorism (AML/CFT) regulatory requirements for the licensee to address such risks. A licensee should meet these requirements in order to comply with… Read more

  • [PANTERA] Blockchain Compensation Survey 2024

    [PANTERA] Blockchain Compensation Survey 2024

    Wei Xiang

    Key Findings: Remote Work Trends In 2024, the blockchain industry remains predominantly remote (82%), with hybrid work stable at 11% and in-office roles increasing from 1.5% to 6%. The rise of Stablecoins in Payroll USDC (63%) and USDT (28.6%) dominate crypto payrolls, with USDC preferred due to its availability through major payroll providers, while non-stablecoin… Read more

  • [Web3 Accountant] 2025 WEB3 ACCOUNTANT CRYPTO ACCOUNTING REPORT PART 2 – SINGAPORE CRYPTO TAX GUIDE 2025

    [Web3 Accountant] 2025 WEB3 ACCOUNTANT CRYPTO ACCOUNTING REPORT PART 2 – SINGAPORE CRYPTO TAX GUIDE 2025

    Wei Xiang

    With 40 licensed holders, Singapore continues to be a key financial center supporting the crypto industry’s growth. The Monetary Authority of Singapore (MAS) has established guidelines to ensure a safe and conducive environment for this sector, including regulations for stablecoins. This supportive regulatory framework has positioned Singapore as a leading hub for crypto startups and… Read more

  • [BCG] (Gen)AI in Payments: The Impact Is Real

    [BCG] (Gen)AI in Payments: The Impact Is Real

    Wei Xiang

    (Gen)AI in the minds of business leaders The launch of ChatGPT, the first widely available and user-friendly Large Language model, in November 2022 to the general public marked a pivotal moment for Artificial Intelligence. This at-scale accessibility and proliferation of AI capabilities has had a profound impact not only on consumers’ daily lives, but created… Read more