Web3 Finance Summit: Powering the Future of Trust
Singapore, Singapore, October 5th, 2025, FinanceWire
Digital asset infrastructure provider Cregis and identity verification platform Sumsub announced that they jointly hosted the “Web3 Finance: Powering the Future of Trust” summit on October 1, 2025, at MBFC Tower 2 in Singapore. The event brought together professionals from banking, payments, and crypto industries for in-depth discussions on Web3 trust-building and compliance development.
Joint Product Showcase and Interactive Sessions
The summit opened with an engaging joint presentation segment, where Cregis COO Jason Ma and Sumsub’s Ying Li introduced their respective company backgrounds and core product solutions. Jason Ma highlighted that MPC technology effectively reduces asset security risks through private key sharding management, with the platform currently managing assets worth hundreds of billions of dollars and providing MPC wallet and payment infrastructure services to over 3,500 enterprises globally. Ying Li noted that Sumsub provides identity verification services to over 4,000 clients, including Bybit and Huobi, helping enterprises meet compliance requirements across different jurisdictions.
The event also featured interactive Q&A sessions with prizes, generating enthusiastic participation from attendees.
Panel Discussion: Web3 Trust Stack in Practice
The summit’s core segment was a panel discussion titled “Web3 Trust Stack: Identity, Compliance, and Infrastructure in Action,” moderated by Eelee Lua, Chief of Staff at xcube.co, bringing together industry veterans for deep conversations on Web3 trust-building.
Compliance Challenges and Resource Allocation Strategies
Cregis APAC Business Development Director Eric Cheung led off by sharing the real-world challenges of enterprise compliance. He emphasized that enterprises must recognize a fundamental reality—available resources are limited. In the current environment of increasingly stringent compliance requirements, companies need to reassess their strategic planning, clarifying which core capabilities must be built in-house and which areas can be enhanced through collaboration with professional service providers.
Eric Cheung said: “Partners with compliance experience and business insights don’t just provide services—they bring industry knowledge and resources for mutual benefit. This represents the future direction of our industry: collaborative community development.”
Regarding Web3 development priorities, Eric’s position was clear: “Identity verification is becoming the foundational infrastructure for the entire industry. Whether it’s AML, tax compliance, or regulatory reporting, everything ultimately comes back to one fundamental question—who is the user? As regulatory frameworks continue to mature, the space for anonymous transactions will shrink, and real-name verification will be the inevitable trend.”
Balancing Regulatory Adaptation and Technological Innovation
Interlace Head of Strategy and Operations Henry Chan addressed the current compliance landscape, acknowledging that regulation has indeed brought challenges to many enterprises, with the industry working to adapt and transform. “When we consider compliance balance, while we cannot change regulatory rules, we can ensure enterprise compliance costs remain manageable through technological innovation.”
In advancing industry development, Henry deconstructed industry trust-building into specific issues for discussion, including how to build trust with end users, markets, institutions, and governments across multiple dimensions, offering his perspectives on establishing trust within the industry.
Emerging Fraud Challenges and User Experience Optimization
Sumsub APAC Vice President of Business Development Penny Chai analyzed current industry challenges from a technical perspective. She first addressed emerging fraud threats: “Deepfake technology and synthetic fraud are becoming new threats. The latter is particularly insidious, mixing real personal information with fake data, making it very difficult for traditional verification methods to detect.”
Regarding user experience, Penny candidly identified industry pain points: “Enterprise compliance pressure is already enormous, and users are fed up with having to complete KYC everywhere. Every platform requires re-verification, wasting time and increasing costs.”
Based on this situation, Sumsub launched reusable KYC solutions. “One verification, multiple platform usage—helping enterprises reduce compliance costs while sparing users the hassle.”
On regulatory trends, Penny maintained an optimistic attitude: “Regulation isn’t an obstacle—it’s setting boundaries for innovation. When we know where the rules are, we can maximize our innovative potential within those boundaries.”
Industry Outlook and Collaboration Prospects
Participating experts unanimously agreed that identity verification has become a standard configuration for Web3 projects, security technology applications can effectively reduce operational risks, and compliance process design needs to balance efficiency with user experience.
Following the event, multiple participating enterprises expressed interest in collaborating on related technology services. Both companies indicated they will continue advancing product integration to provide Web3 enterprises with comprehensive services from identity verification to asset management.
About Cregis
Cregis is an enterprise-grade digital asset infrastructure service provider for global institutional clients, committed to delivering secure, scalable, and compliant integrated solutions. The company’s core products include MPC-architecture self-custody wallets, Wallet-as-a-Service, and high-performance payment engines, widely applied across exchanges, fintech platforms, and Web3-related enterprises to help them efficiently and securely manage digital assets.
To date, Cregis has served over 3,500 enterprises globally, continuously driving enterprise acceleration into the Web3 era and unlocking new growth potential for digital assets.
Contact
Cregis Marketing
Cregis
marketing@cregis.io
Web3 Finance Summit: Powering the Future of Trust
Singapore, Singapore, October 5th, 2025, FinanceWire
Digital asset infrastructure provider Cregis and identity verification platform Sumsub announced that they jointly hosted the “Web3 Finance: Powering the Future of Trust” summit on October 1, 2025, at MBFC Tower 2 in Singapore. The event brought together professionals from banking, payments, and crypto industries for in-depth discussions on Web3 trust-building and compliance development.
Joint Product Showcase and Interactive Sessions
The summit opened with an engaging joint presentation segment, where Cregis COO Jason Ma and Sumsub’s Ying Li introduced their respective company backgrounds and core product solutions. Jason Ma highlighted that MPC technology effectively reduces asset security risks through private key sharding management, with the platform currently managing assets worth hundreds of billions of dollars and providing MPC wallet and payment infrastructure services to over 3,500 enterprises globally. Ying Li noted that Sumsub provides identity verification services to over 4,000 clients, including Bybit and Huobi, helping enterprises meet compliance requirements across different jurisdictions.
The event also featured interactive Q&A sessions with prizes, generating enthusiastic participation from attendees.
Panel Discussion: Web3 Trust Stack in Practice
The summit’s core segment was a panel discussion titled “Web3 Trust Stack: Identity, Compliance, and Infrastructure in Action,” moderated by Eelee Lua, Chief of Staff at xcube.co, bringing together industry veterans for deep conversations on Web3 trust-building.
Compliance Challenges and Resource Allocation Strategies
Cregis APAC Business Development Director Eric Cheung led off by sharing the real-world challenges of enterprise compliance. He emphasized that enterprises must recognize a fundamental reality—available resources are limited. In the current environment of increasingly stringent compliance requirements, companies need to reassess their strategic planning, clarifying which core capabilities must be built in-house and which areas can be enhanced through collaboration with professional service providers.
Eric Cheung said: “Partners with compliance experience and business insights don’t just provide services—they bring industry knowledge and resources for mutual benefit. This represents the future direction of our industry: collaborative community development.”
Regarding Web3 development priorities, Eric’s position was clear: “Identity verification is becoming the foundational infrastructure for the entire industry. Whether it’s AML, tax compliance, or regulatory reporting, everything ultimately comes back to one fundamental question—who is the user? As regulatory frameworks continue to mature, the space for anonymous transactions will shrink, and real-name verification will be the inevitable trend.”
Balancing Regulatory Adaptation and Technological Innovation
Interlace Head of Strategy and Operations Henry Chan addressed the current compliance landscape, acknowledging that regulation has indeed brought challenges to many enterprises, with the industry working to adapt and transform. “When we consider compliance balance, while we cannot change regulatory rules, we can ensure enterprise compliance costs remain manageable through technological innovation.”
In advancing industry development, Henry deconstructed industry trust-building into specific issues for discussion, including how to build trust with end users, markets, institutions, and governments across multiple dimensions, offering his perspectives on establishing trust within the industry.
Emerging Fraud Challenges and User Experience Optimization
Sumsub APAC Vice President of Business Development Penny Chai analyzed current industry challenges from a technical perspective. She first addressed emerging fraud threats: “Deepfake technology and synthetic fraud are becoming new threats. The latter is particularly insidious, mixing real personal information with fake data, making it very difficult for traditional verification methods to detect.”
Regarding user experience, Penny candidly identified industry pain points: “Enterprise compliance pressure is already enormous, and users are fed up with having to complete KYC everywhere. Every platform requires re-verification, wasting time and increasing costs.”
Based on this situation, Sumsub launched reusable KYC solutions. “One verification, multiple platform usage—helping enterprises reduce compliance costs while sparing users the hassle.”
On regulatory trends, Penny maintained an optimistic attitude: “Regulation isn’t an obstacle—it’s setting boundaries for innovation. When we know where the rules are, we can maximize our innovative potential within those boundaries.”
Industry Outlook and Collaboration Prospects
Participating experts unanimously agreed that identity verification has become a standard configuration for Web3 projects, security technology applications can effectively reduce operational risks, and compliance process design needs to balance efficiency with user experience.
Following the event, multiple participating enterprises expressed interest in collaborating on related technology services. Both companies indicated they will continue advancing product integration to provide Web3 enterprises with comprehensive services from identity verification to asset management.
About Cregis
Cregis is an enterprise-grade digital asset infrastructure service provider for global institutional clients, committed to delivering secure, scalable, and compliant integrated solutions. The company’s core products include MPC-architecture self-custody wallets, Wallet-as-a-Service, and high-performance payment engines, widely applied across exchanges, fintech platforms, and Web3-related enterprises to help them efficiently and securely manage digital assets.
To date, Cregis has served over 3,500 enterprises globally, continuously driving enterprise acceleration into the Web3 era and unlocking new growth potential for digital assets.
Contact
Cregis Marketing
Cregis
marketing@cregis.io
Web3 Finance Summit in Singapore Explores Future of Trust and Compliance
Singapore, October 5, 2025 – FinanceWire
In a significant gathering for the digital finance sector, Cregis, a leading digital asset infrastructure provider, and Sumsub, a prominent identity verification platform, co-hosted the “Web3 Finance: Powering the Future of Trust” summit on October 1, 2025, at MBFC Tower 2 in Singapore. The event attracted professionals from banking, payments, and cryptocurrency industries, sparking vital discussions on trust-building and compliance in the evolving Web3 landscape.
Innovative Solutions on Display
The summit kicked off with a dynamic joint presentation by Cregis COO Jason Ma and Sumsub’s Ying Li, who introduced their companies’ innovative solutions. Ma emphasized the importance of Multi-Party Computation (MPC) technology in enhancing asset security through private key sharding management. “Our platform currently manages assets worth hundreds of billions of dollars, providing MPC wallet and payment infrastructure services to over 3,500 enterprises globally,” he stated.
Ying Li highlighted Sumsub’s role in facilitating compliance, noting that the platform serves over 4,000 clients, including major players like Bybit and Huobi. “We help enterprises navigate complex compliance requirements across various jurisdictions,” she explained.
Panel Discussion: Navigating Compliance Challenges
The summit’s centerpiece was a panel discussion titled “Web3 Trust Stack: Identity, Compliance, and Infrastructure in Action,” moderated by Eelee Lua, Chief of Staff at xcube.co. Industry veterans shared insights on the pressing challenges of compliance in the digital finance space.
Eric Cheung, Cregis APAC Business Development Director, opened the discussion by addressing the reality of limited resources for enterprises. “In an environment of increasingly stringent compliance requirements, companies must reassess their strategic planning,” he advised. Cheung underscored the importance of collaboration with experienced partners to navigate these challenges effectively.
Technological Innovation Meets Regulatory Demands
Henry Chan, Head of Strategy and Operations at Interlace, acknowledged the difficulties posed by regulatory frameworks but emphasized the potential for technological innovation to ease compliance burdens. “While we cannot change regulatory rules, we can ensure that compliance costs remain manageable through innovation,” he noted.
Emerging Threats and User Experience
Sumsub’s APAC Vice President of Business Development, Penny Chai, tackled the rising threats of fraud in the industry, including deepfake technology and synthetic fraud. “These emerging threats complicate traditional verification methods,” she warned. Chai also highlighted the frustration users face with repetitive KYC processes across platforms, advocating for reusable KYC solutions that streamline compliance while enhancing user experience.
A Collaborative Future for Web3
The summit concluded with a consensus among experts that identity verification is now a foundational element for Web3 projects. Participants expressed eagerness to collaborate on technology services, signaling a collective commitment to advancing the industry.
Cregis and Sumsub plan to continue their partnership, integrating their offerings to provide comprehensive services that span identity verification to asset management, further solidifying their roles in the Web3 ecosystem.
About Cregis
Cregis is a premier digital asset infrastructure service provider dedicated to delivering secure, scalable, and compliant solutions for global institutional clients. With a focus on MPC-architecture self-custody wallets and Wallet-as-a-Service, Cregis is at the forefront of enabling enterprises to navigate the complexities of the Web3 era.
For more information, contact:
Cregis Marketing
Email: marketing@cregis.io
As the digital finance landscape continues to evolve, events like the Web3 Finance summit play a crucial role in fostering collaboration and innovation, paving the way for a more secure and compliant future.
