CoinDCX Bolsters Okto Leadership to Spearhead DeFi Initiatives and Drive Web3 Adoption

CoinDCX, India’s largest crypto exchange, today announced strategic leadership appointments for Okto, its Web3 and DeFi arm, reinforcing its commitment to accelerating the adoption of decentralized technologies. Rohit Jain has been appointed to lead Okto, the Web3 and DeFi arm of CoinDCX, while continuing to serve as Chief Strategy & Investment Officer at CoinDCX and Managing Director of CoinDCX Ventures. Minal Thukral, a key contributor to CoinDCX’s growth story 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.

Over the past two years, CoinDCX has made significant investments in building a robust talent pool for Okto, recruiting a top-tier engineering team and skilled professionals across diverse functions. With a dedicated and highly capable team of 100 individuals solely focused on Okto, including significant involvement from Co-Founder Neeraj Khandelwal, Okto is now well-positioned to execute its ambitious vision.

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, in his capacity as the driving force behind Okto’s Ecosystem Growth, will champion the adoption of Okto SDKs, empowering developers to effortlessly integrate sophisticated Web3 features into their applications. This strategic focus on developer enablement will translate into a more seamless, mobile-native experience for users, further driving the mass adoption of Web3 technologies. With over 2 million users already leveraging the Okto Wallet and a growing ecosystem of 20+ dApps, the Okto Chain is well on its way to revolutionizing the Web3 landscape.

Neeraj Khandelwal, Co-Founder, CoinDCX & Okto, commented: “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.”

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.

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.