Crypto Exchange Hires Singapore Monetary Authority Veteran as Compliance Chief

Asia Blockchain Review
September 23, 2019
Crypto Exchange Hires Singapore Monetary Authority Veteran as Compliance Chief

The Singapore-based trading platform and digital securities issuer, iSTOX, has reportedly hired a Lim Mei Shern as its new compliance chief.

According to Crowd Fund Insider, having a 15-year veteran of the Monetary Authority of Singapore (MAS) serving as the new Head of Compliance at iSTOX will bolster its credibility in a country supportive of fintech firms.

Former MAS Member Voices Confidence in iSTOX

 

Lim Mei Shern served within the Monetary Authority of Singapore for the past 15 years, during which time she directly handled capital markets and the emerging fintech sector. Her employment by iSTOX follows the company’s acceptance in May this year into Singapore’s Fintech Regulatory Sandbox, a program managed by the MAS.

Following the announcement of her hiring, Lim voiced confidence in iSTOX and the belief that it will push forward capital markets. She explained that “through the use of new technology, iSTOX will democratize investing and improve liquidity in the private markets,” facilitating investors to enter private markets at reduced costs.

Digital Securities Issuer Aiming Big

iSTOX claims to be the first of its kind to utilize blockchain and smart contracts to offer issuance, settlement, custody, and trading of digitized securities.

With its sights set on leading the digitized securities segment, iSTOX is looking to leverage Lim’s extensive knowledge in compliance to bolster the support it is already receiving from Singapore’s government. 

Co-founder and Chief Strategy Officer, Darius Liu, said Lim’s “technical expertise and experience as a former regulator will strengthen our team and help build iSTOX’s position as a trusted, transparent, and regulated capital markets platform.”

Source: www.crowdfundinsider.com


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    2020: A Year Of Two Halves For Crypto
    As with humanity in general, the crypto market would emerge stronger from the trials and tribulatio...

    September 29, 2020

    Amanotes – A Booming Music-Tech Startup Conquers The Global Market
    Recently, ABR had a chance to speak to Mr. Silver Nguyen - CPO & Co-founder of Amanotes - a music ap...

    September 29, 2020

    A Deep-Dive Into The Benefits Of Blockchain Solutions In the Healthcare System
    Integrating blockchain solutions with healthcare services can reduce the burdensome costs involved i...

    September 28, 2020

    Apple Brings Online Store To India – A New Era Begins
    Apple launched the Apple Store online in India on September 23, offering Apple’s full range of produ...

    September 27, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us