Chinese Firm Launches Digital Asset Platform in Singapore
Digital asset institutional investors will soon be able to safekeep their holdings on a standardised, resilient, compliant and automated custody platform operated by a Singapore company.
Incorporated in Singapore in July 2018, Onchain Custodian (ONC) is building a global, standardised, resilient, compliant, and automated platform for the safekeeping of institutional digital asset investments with incomparable user experience, according to a media release on Tuesday. Onchain is a blockchain technology company in China.
The solution is flexibly built to meet the possible futures of digital asset custody, in partnership with Onchain, an enterprise blockchain provider from China. ONC will open its office at 20 Collyer Quay in January, pilot its platform in February and launch its services at the end of Q1 2019.
New Executive Committee
ONC announced on Tuesday the appointment of its executive committee. Alexandre Kech (pictured left), former Head of Securities & FX, Asia Pacific at SWIFT, a well-known figure in the Asia Pacific securities post-trade space, will be in charge of deploying and growing the company as Chief Executive Officer.
He will be supported by Raymond Cheong (pictured right), Chief Strategy Officer, a blockchain and financial industry expert with more than 30 years of experience in consulting, financial industries and token economy, last as a Partner in KPMG China.
El Lee will complete the management team as acting Chief Operating Officer. El Lee brings with him investment banking experience from previous roles at CIMB Group and J.P. Morgan Chase.