Indian crypto exchange CoinDCX has announced strategic leadership appointments for Okto, its Web3 and DeFi arm, with the aim of accelerating the adoption of decentralized technologies.
The company has appointed Rohit Jain to lead Okto, while continuing to serve as Chief Strategy & Investment Officer at CoinDCX and Managing Director of CoinDCX Ventures.
Minal Thukral, who has been working at CoinDCX for over five years, joins the Okto leadership team to spearhead Ecosystem Growth for Okto, focusing on driving business development, partnerships, and expanding the Okto wallet and SDK platform.
Rohti Jain's experience
Before joining CoinDCX, Rohit founded and mentored several startups, successfully guiding them in fundraising, strategy, and product development. He has held leadership roles at prominent organizations such as Fundamentum, Myntra, and McKinsey & Co.
Rohit holds a BTech in Computer Science from IIT Guwahati and an MBA from Harvard
Indian crypto exchange CoinDCX has announced strategic leadership appointments for Okto, its Web3 and DeFi arm, with the aim of accelerating the adoption of decentralized technologies.
The company has appointed Rohit Jain to lead Okto, while continuing to serve as Chief Strategy & Investment Officer at CoinDCX and Managing Director of CoinDCX Ventures.
Minal Thukral, who has been working at CoinDCX for over five years, joins the Okto leadership team to spearhead Ecosystem Growth for Okto, focusing on driving business development, partnerships, and expanding the Okto wallet and SDK platform.
Rohti Jain's experience
Before joining CoinDCX, Rohit founded and mentored several startups, successfully guiding them in fundraising, strategy, and product development. He has held leadership roles at prominent organizations such as Fundamentum, Myntra, and McKinsey & Co.
Rohit holds a BTech in Computer Science from IIT Guwahati and an MBA from Harvard Business School.
What does Okto do?
Okto is a secure multi-chain DeFi app that offers a keyless, self-custody wallet. It aims to simplify the world of decentralized finance (DeFi) by providing a secure, user-friendly, and innovative solution for managing digital assets.
It utilizes Multi-Party Computation (MPC) technology to ensure security for users' assets. But what really sets Okto apart is patent-pending AI-based Multi-Factor Authentication, a breakthrough technology that promises to revolutionize the security of self-custodial DeFi wallets.
Investing in talent
Over the past two years, CoinDCX has been investing in building a robust talent pool for Okto, recruiting a top-tier engineering team and skilled professionals across diverse functions.
The company has a dedicated team of 100 individuals focused on Okto, including significant involvement from Co-Founder Neeraj Khandelwal.
Aiming to streamline the fragmented Web3 landscape
Rohit, a seasoned entrepreneur and investor with a proven track record in the Web3 domain, is poised to leverage his expertise to spearhead CoinDCX's mission of fostering a decentralized economy.
With Rohit at the helm, Okto Chain aims to streamline the fragmented Web3 landscape through its innovative chain abstraction layer, simplifying the integration of blockchain technology for developers and users alike.
Simultaneously, Minal will champion the adoption of Okto SDKs, empowering developers to effortlessly integrate sophisticated Web3 features into their applications.
The strategic focus on developer enablement will translate into a more seamless, mobile-native experience for users, further driving the mass adoption of Web3 technologies. The company claims that over over 2 million users are leveraging the Okto Wallet and has a growing ecosystem of 20+ dApps.
Leadership comments
Neeraj Khandelwal, Co-Founder, CoinDCX & Okto, said, "In the past three years, our focus has been on solving key challenges in user experience in the Web3 space. With the recent launch of our Okto Chain, we aim to simplify blockchain technology and provide developers with seamless tools to integrate Web3 functionality into their applications. Rohit’s proven expertise in the Web3 space, combined with Minal’s instrumental role in CoinDCX’s growth journey, will be pivotal as we scale the Okto ecosystem. I am confident that with their leadership, we will unlock new opportunities and drive innovation across the decentralized economy."
Rohit Jain, who brings extensive experience in strategy and investments within the Web3 space, expressed his excitement for his expanded role: "Okto presents a unique opportunity to solve the fragmented experiences users and developers face in Web3. By providing a unified platform with simple SDKs, we are enabling the creation of next-generation applications built on Web3 rails. Chain abstraction will be critical as we look to onboard the next billion users, simplifying their interactions and enhancing front-end usability."
Minal Thukral, who will now lead Ecosystem initiatives for Okto, shared his vision: "Having closely observed the evolution of the industry, it’s clear that users are eager to engage with Web3. With Okto, we are committed to simplifying that experience through our SDK and scaling the ecosystem. Thousands of applications are being developed, and by partnering with Okto Chain, they can unlock extraordinary potential."
For over five years, Minal headed the Growth and Partnerships functions at CoinDCX, focusing on driving user acquisition, retention, and monetization. Minal holds both an undergraduate and a master’s degree from IIT Bombay (IITB).
In May 2024, CoinDCX announced the launch of Okto Chain, an innovative chain abstraction layer designed to streamline the complexities of blockchain integration for developers and users alike. Okto’s mission is to empower individuals worldwide by making Web3 accessible and financially inclusive. With a focus on chain abstraction, Okto aims to bring the benefits of decentralization to billions of people, everywhere.
Okto chain
Okto is leveling up chain abstraction by building a fully expressive orchestration layer. Okto offers developers a unified platform to build next-generation applications on web3 rails by providing simple SDKs on one hand, and access to Protocol / community created Blocs on the other hand (think easy-to-use scripts).
The platform does the heavy lifting of abstracting web3 complexities across fragmented ecosystem while providing users web2 like experiences.
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