Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token

Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain, a token, and a points program starting Tuesday. The aim is to give global users a single-click mobile experience while traversing the Web3 space, its co-founders Neeraj Khandelwal and Sumit Gupta told CoinDesk in an interview. The objective of Okto’s points program is to bootstrap the launch of the Okto blockchain, which will happen later in 2024. CoinDCX launched Okto in August 2022 as a DeFi mobile app with an inbuilt wallet aimed at easing the transition of crypto consumers to DeFi.

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