CrossFi: Building The Next Superpower in Web3

Here are the key takeaways from Ryan Horn's speech at Token 2049 in Singapore

At Token 2049 in Singapore, Ryan Horn, Global Development Strategy Advisor by CrossFi, delivered an inspiring presentation showcasing the significant strides CrossFi has made in decentralized finance (DeFi). From launching innovative technologies to creating a comprehensive ecosystem for secure and accessible financial management, CrossFi is well-positioned to shape the future of DeFi. Here are the key takeaways from the presentation.

A Comprehensive DeFi Ecosystem

Ryan emphasized that CrossFi has developed a “very, very robust app” designed with security and usability at its core. CrossFi’s ecosystem, built on the CrossFi Chain, addresses the diverse needs of users, whether they are casual participants or deep into decentralized finance. The ecosystem’s centerpiece, the CrossFi xAPP, allows users to access intuitive technology for transactions and payments or explore more advanced DeFi strategies.

From launching a bank card to intuitive DeFi tools, CrossFi is ensuring its ecosystem is prepared for the next phase of financial evolution. “We have the perfect infrastructure for the next five years of growth for what the civilization is doing and their relationship with money, payments, and crypto,” Ryan remarked, highlighting the platform’s focus on user-centric, design-driven innovations.

The main focus of CrossFi is to bridge the gap between traditional finance and DeFi by developing secure, user-friendly, and innovative financial solutions. And this focus on fundamentals keeps the company grounded and heading in the right direction.

Global Impact and Financial Inclusion

One of the most powerful messages in the presentation was CrossFi’s focus on global impact. Whether users are in Southeast Asia, Europe, Latin America, or the US, CrossFi aims to empower people through technology, enabling them to manage their finances, businesses, and even their families effectively. Ryan stressed that financial inclusion is a priority, ensuring everyone has access to banking and financial tools regardless of their economic background.

“We are empowering people for a better life,” he said, adding that the platform is designed to help users manage money securely across borders, contributing to a more inclusive financial world.

Security: The Foundation of CrossFi

Security was highlighted as the number one priority for CrossFi. Ryan reassured the audience that the platform has been built with a security-first approach since day one. “When a technology company manages your money, the first question is: is it secure?” CrossFi’s team has onboarded over a million users, including a significant sized community in Vietnam, demonstrating the trust and safety of the platform.

Building for the Future: CrossFi’s Layer1 Blockchain

Unlike many DeFi platforms that rely on third-party solutions, CrossFi is building its own Layer 1 blockchain, ensuring complete control over its technology and infrastructure. This level of autonomy is essential as CrossFi scales globally, expanding its presence across Asia, North America, and Europe. Ryan highlighted the importance of cross-chain solutions, enabling seamless transactions and interactions between different blockchain networks.

User-Centric Design and Formula One-Level Precision

CrossFi’s focus on user-centric design sets it apart. Every feature launched by CrossFi is rigorously tested by its community, partners, and stakeholders, ensuring the platform delivers a flawless experience. Ryan drew a vivid comparison to Formula One, explaining that just like a high-performance car is tested down to the millimeter, CrossFi’s platform undergoes the same level of scrutiny.

CrossFi’s Ecosystem: A Full 360 Experience

The CrossFi ecosystem is more than just a blockchain or a DeFi platform—it’s a comprehensive solution designed to facilitate secure transactions, manage assets, and foster innovation. The ecosystem includes:

• The CrossFi Foundation
• The CrossFi Chain
• CrossFi App
• The CrossFi xAPP

Each component drives the platform’s usability, security, and scalability, ensuring users have a full 360-degree experience. CrossFi is not just about building technology but about empowering users and businesses alike.

Major Milestones and Achievements

Over the last few years, CrossFi has hit several key milestones:

• The business was launched by CEO Alexandar Mamasidikov in 2022.
• The CrossFi Chain and XFI tokens were launched in 2023.
• CrossFi made significant partnerships with Republic, driving even more investment and development.
• In 2024, CrossFi launched its Testnet, which now supports over 150,000 active users.
• The platform has onboarded over 1 million users and continues to host hackathons worldwide, engaging the global community in the Web3 movement.

Innovation through Partnership: Alchemy and CrossFi

One of the most exciting announcements from Ryan’s speech was the partnership with Alchemy, a leading blockchain infrastructure provider. This partnership is set to drive further innovation within CrossFi, offering developers a full suite of tools to create powerful dApps and blockchain solutions. Whether through SDKs, app-to-app delivery, or other advanced solutions, the collaboration with Alchemy promises to push CrossFi’s technology to the next level.

Visionary Leadership and the Road Ahead

Ryan also expressed pride in CrossFi’s visionary leadership team, which includes highly educated and experienced professionals from institutions like Oxford and Cambridge. This team is leading CrossFi’s growth and driving constant innovation to stay ahead of the rapidly evolving DeFi landscape. The platform’s non-custodial instant payment platform is already making waves, enabling users to access financial services that may have previously seemed out of reach.

As CrossFi continues to grow and innovate, its mission is clear: to build a global superpower in DeFi, one that offers secure, user-friendly, and scalable financial solutions for all.

Conclusion

Ryan Horn’s presentation at Token 2049 was a testament to CrossFi’s commitment to security, innovation, and financial inclusion. With its user-centric design, global reach, and relentless drive for excellence, CrossFi is empowering users and changing the landscape of decentralized finance. Keep an eye on this space, as CrossFi is just getting started.