I am a financial services veteran, I started my career as a software engineer before progressing to the positions of regional and then group CIO for major Investment Banks.
My strength is in being able to spot business transformational trends, and building tailored solutions and capabilities to help companies become early adopters. I strongly believe that blockchain has the potential to transform multiple industries — including the financial sector — by making processes more democratic, secure, transparent, and efficient.
By providing the essential infrastructure and services to help companies adopt blockchain-inspired solutions, Hex’s mission is very much aligned to my vision of the evolution of the banking and financial sector. In addition to this, Hex has assembled an outstanding team with domain expertise and a proven track record of delivering high-impact transformational projects.
Asset-backed tokens, the ability to represent the ownership of real-world assets as tokens on a blockchain will help transform and broaden the asset management industry.
Tokenization applies to both regulated financial instruments such as equities/bonds and tangible assets such as real estate and precious metals, private equity funds, private equities. In addition, tokenization is particularly beneficial to assets classes that are not currently traded in an open market, such as artworks and other collectable pieces. Tokenising such asset will help the owners the means to sell partial ownership of an illiquid asset to broader customers base, thus improving their liquidity and tradability.
In addition to broadening the market place, tokenisation will help reduce the cost of processing, reduce settlement time as well as increase available collateral assets base.
I expect an exponential increase in interest from institutional investors for regulated custody services/solutions. Custody platforms are designed to protect digital assets from either being stolen or lost (misplacing private keys). The handling of digital assets differs fundamentally from the handling of traditional assets base, as such institutions’ needs to either develop or acquire brand new digital custody solution/services.
Regulators around the world are taking active measures to regulate the use and trading of digitised assets. Regulated custody is an essential bridge between the traditional market place and token driven digital market place. This will drive the demand for regulated custody solutions in the coming years.
Want to learn more about Hex Trust and our custodian solutions for digital assets? Reach out: enquiries@hextrust.com
Hex Trust is the Asian leader in enterprise-grade custody for digital assets. Led by innovators from the institutional financial services space, Hex Trust has built a proprietary platform that delivers a modern custody solution for financial institutions, digital asset organizations, and corporations to safely and efficiently operate in the blockchain ecosystem. ZeroKey, a proprietary technology, enables seamless transacting and fast access to assets stored on multiple blockchains, while maintaining the highest levels of security of cold storage solutions. As a registered Trust Company under the Hong Kong Trust Ordinance and holding a Trust or Company Service Provider (TCSP) license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Hex Trust offers a truly end-to-end digital asset servicing solution. Visit www.hextrust.com to learn more.
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