TechFlow News – According to official updates, OKLink Group, as the only Chinese member of the advisory board of the Global Digital Finance (GDF), has been invited to attend the GDF roundtable meeting. At the event, Zhang Chao, Vice President of OKLink Group, exchanged views with representatives from global giants including the London Stock Exchange and Standard Chartered Bank, jointly proposing recommendations on the Basel Committee’s document titled “Prudential Treatment of Exposures to Digital Assets.”
The document classifies digital assets and establishes specific standards regarding credit and market risk requirements, minimum thresholds, supervisory review, and disclosure. Addressing various aspects of the document, Zhang Chao offered constructive suggestions from multiple perspectives including product technology, industry standards, and judicial practices. He also shared OKLink's successful experiences in combating blockchain-related crimes and money laundering through blockchain, earning strong recognition and approval from fellow participants.
Following the meeting, GDF will compile feedback from all parties and submit it to the Basel Committee to help refine relevant regulatory frameworks. Zhang Chao noted that the document establishes a relatively comprehensive approach for banks to manage exposures to digital assets, representing a positive step toward standardizing and mainstreaming digital assets. As a representative enterprise of China's blockchain industry, OKLink bears both technological mission and historical responsibility. Moving forward, OKLink will accelerate upgrades in blockchain underlying technologies and product innovation, aiming to deliver world-class products and services, and secure a strategic leading position for China’s blockchain industry.
