From Traditional Finance to Decentralization: Virgo Group Adam Cai Discusses Dual-Engine Strategy and the New Curve of DeFi User Growth

Virgo Group CEO Adam Cai shares his journey from traditional finance to Web3, explaining how the group leverages the “Dual-Engine Strategy” of VirgoPay stablecoin payments and Wallet V decentralized wallets to build an integrated on-chain financial services ecosystem.

When asked why he made the “switch” from traditional finance to blockchain, Adam Cai didn’t give an exaggerated, dramatic answer. He goes back to 2017 — the year of the ICO boom, with whitepapers flying everywhere. “It’s not just speculative assets,” he said. “It’s a new type of infrastructure that can reduce friction in traditional finance and improve global collaboration efficiency and transparency.” After nearly a decade working at a hedge fund in Toronto, he decided to start his own company — all in on crypto.

This “infrastructure conviction” later became the core focus of Virgo Group: first bring people in safely and compliantly, and then hand over truly useful decentralized capabilities to users.

From Web 2.5 to a new turning point: two main strategic lines

When entering the market in 2018, Virgo Group chose a more “grounded” starting point: fiat on/off-ramp transactions, OTC, and asset management. “The biggest question back then was ‘How do you buy Bitcoin?’” Adam recalls. So they used traditional compliant models to create entry channels for crypto assets, serving ordinary users who weren’t familiar with investing. This was a typical “Web 2.5” period — using traditional finance frameworks to onboard new assets.

Over the past year, the group’s strategy has clearly pivoted. As a more friendly global regulatory environment takes shape, Virgo Group has concentrated its resources on two tracks:

① Stablecoin payments (VirgoPay)

Extending regional fiat on/off-ramp capabilities into a global network. VirgoPay quickly connected fiat channels across more than 20 countries/regions in a short time, covering C2C and B2B, with support for API integrations and white-label experiences across multiple scenarios. Adam’s assessment is direct and resolute: “In terms of efficiency and cost, stablecoins have the opportunity to reshape the ‘new Swift’ for cross-border remittances.”

② Decentralized wallet (Wallet V)

The core mission is to “let users enter DeFi without even feeling it.” Encapsulate complex on-chain interactions into a mobile experience, so users can “use it as smoothly as Web2 and be as free as Web3” — the former comes from familiar information architecture and interaction logic, while the latter comes from genuine self-custody: “Not your keys, not your coins.”

With these two lines combined, one handles “entry and funds routing,” while the other handles “assets and on-chain capabilities,” forming Virgo Group’s dual-engine strategy.

Wallet V’s product philosophy: reduce one click, reduce one confusion, reduce one mistake

In its first month after launch, Wallet V’s trading volume exceeded 1 billion USD. It wasn’t driven by one or two “market hits,” but by ongoing refinement of the user experience. The team integrated multi-chain aggregation and cross-chain Swaps on mobile, the Hyperliquid public chain, and plans to introduce high-frequency applications such as prediction markets in mid-November. Adam added specifically: “Next week, we will launch the mobile version of Polymarket, which will be the industry’s first prediction market mobile app.”

At the product level, it follows three simple principles:

• Reduce one click: merge flows and reduce redirects;

• Reduce one confusion: present on-chain capabilities using familiar CEX-style paradigms;

• Reduce one mistake: pre-validate steps that are prone to errors, and provide clear prompts at key points.

“We’re not simply copy-pasting thousands of DApps into the app. Instead, we select, reorganize, and package them into capability entry points that most people can naturally use,” Adam said.

“Making token issuance simple” on Hyperliquid: the boundaries and tone of the Launchpad

During this year’s Token2049 event in Singapore, Wallet V released a Hyperliquid-based Launchpad: one-click token creation with automatic liquidity pool injection. The threshold is as low as about 0.1 HYPE, and the platform does not charge any listing fees. Compared with Pump.Fun on Solana, Wallet V gives this “meme economy” a new narrative framework:

• Go back to the roots of “expression” and “community”: treat token issuance as a lightweight tool for community organization and emotional expression, not just a pure capital game;

• Make token issuance easier and with lower barriers: a one-stop “end-to-end” flow to complete issuing tokens, creating pools, listing, and liquidity configuration.

Adam further pointed out that token issuance is only the starting point; the real challenge lies in “retaining users.” He explained: “We’ve made the token issuance process extremely simple, but more importantly, users can trade directly in Wallet V, deposit and withdraw funds, and also connect to other services. Even if they no longer hold that token, they’ll still stay because the wallet itself is easy to use and packed with features.”

In his view, that is Wallet V’s unique advantage — creating a closed loop between project teams and users within the same ecosystem. From token issuance to trading, from community interaction to fiat on/off ramps, Wallet V aims to build a complete positive feedback chain:

“The smoother the process, the better the experience; the longer the retention, the stronger the ecosystem.”

VPoints: not just “VIP points,” but a “platform-wide airdrop dividend right”

Wallet V chooses not to issue a platform token; instead, it introduces VPoints. The definition is straightforward:

• Earn VPoints through interactions in the App, such as Swap, spot trading, derivatives trading, and invitations;

• Every Launchpad project must allocate at least 1% of its tokens to VPoints holders (the allocation ratio and target audience are determined by the project within its rules);

• As listed projects and active trading grow, VPoints’ “airdrop capacity” will also increase in sync.

This makes VPoints more like a platform prosperity mechanism — enabling early users and high-contribution users to continuously and with certainty share in the “airdrop dividends” generated by ecosystem expansion.

After the regulatory turning point: true long-term value comes from broad-based access

Looking back on the past decade, the narrative and capital structure of the crypto industry have undergone structural changes:

A clearer regulatory framework, institutional and high-net-worth capital entering, and more pragmatic demands for technological implementation. Adam’s view is that the industry will become more mature, but “excitement” will no longer be the main theme; whether it can empower the real economy will become the next hard threshold.

“Short-term speculation has its meaning, but to earn broader social ‘permission,’ you have to answer the question with real value,” he said.

Conclusion: three keywords

If you use three words to summarize Virgo Group’s future, Adam’s answer is:

• Financial Freedom: users truly control their assets, data, and permissions;

• Balance: continuously calibrate between innovation, compliance, risk, and growth;

• Adaptation: stay open, keep learning quickly, and iterate on execution.

When the “walls of entry” are gradually dismantled by stablecoins and mobile experiences, and when the “threshold of capabilities” is encapsulated in a decentralized way that feels as natural as Web2, Virgo Group’s dual-engine path — VirgoPay × Wallet V — is not just a business combination, but a long-term track that brings more people on-chain and leaves them there.

“True next-generation finance is not about faster chains or bigger liquidity pools; it’s about letting more ordinary people enter decentralization seamlessly, without even noticing.” — Adam Cai

Postscript: This is a 2025 ME interview article that clearly describes Adam’s strategic blueprint and positioning for VirgoPay and Wallet V. It has now been gradually realized and officially pushed to the market. We look forward to market validation and feedback so we can keep improving!

About Wallet V — Wallet V is a mobile-first non-custodial Web3 trading wallet. It has already integrated Polymarket prediction market functionality, Aster DEX perpetual contracts, Hyperliquid deep liquidity, and xStocks tokenized US stocks. It has also launched AI Agent smart trading and copy-trading tools, available for free for a limited time. Wallet V is a one-stop gateway to the DeFi world, with users always retaining control of their assets.

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