Bengaluru: CoinDCX, a crypto exchange, has announced key leadership appointments for Okto, its Web3 and DeFi division, to enhance the adoption of decentralized technologies. Rohit Jain will lead Okto while continuing his role as Chief Strategy & Investment Officer and Managing Director of CoinDCX Ventures. Minal Thukral, who has played a significant role in CoinDCX’s growth over the past five years, will focus on Ecosystem Growth at Okto, driving business development and expanding the Okto wallet and SDK platform.
In the last two years, CoinDCX has invested heavily in building a skilled team for Okto, which now includes 100 dedicated professionals, supported by Co-Founder Neeraj Khandelwal. With Rohit Jain’s extensive experience in the Web3 space, he aims to streamline the fragmented landscape through Okto Chain’s innovative technology, making blockchain integration simpler for developers and users.
Minal will lead efforts to promote the adoption of Okto SDKs, enabling developers to easily incorporate advanced Web3 features into their applications. This focus on developer empowerment aims to create a seamless experience for users, further driving the mass adoption of Web3 technologies. With over 2 million users of the Okto Wallet and a growing ecosystem of over 20 dApps, Okto Chain is poised to make a significant impact in the Web3 arena.
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 positions at major organizations such as Fundamentum, Myntra, and McKinsey & Co. Rohit earned his BTech in Computer Science from IIT Guwahati and an MBA from Harvard Business School.
Minal has spent over five years leading Growth and Partnerships at CoinDCX, concentrating on user acquisition, retention, and monetization. He holds both an undergraduate and a master’s degree from IIT Bombay.
In May 2024, CoinDCX announced the launch of Okto Chain, an innovative abstraction layer aimed at simplifying blockchain integration for developers and users. Okto’s mission is to make Web3 accessible and financially inclusive, bringing the benefits of decentralization to billions around the world.
