Tokenize Xchange, a prominent digital asset exchange based in Singapore, has announced the appointment of Carney Mak as its new Chief Strategy Officer. This strategic hire comes at a pivotal moment for the company, which has recently secured an additional US$11.5 million in its Series A Phase 2 funding, bringing the total Series A investment to US$23 million.
Mak, a seasoned professional in the fintech and cryptocurrency sectors, joins Tokenize Xchange with a wealth of experience from his previous role at FXHB Asset Management. His expertise in banking and payments is expected to play a crucial role in shaping the company’s future initiatives and driving innovation in the digital asset trading space.
Hong Qi Yu, Founder and CEO of Tokenize Xchange, expressed enthusiasm about the new appointment, stating, ‘Carney’s appointment is a game-changer for us. His strategic vision and deep industry knowledge are exactly what we need as we navigate the complex, evolving landscape of digital assets in Southeast Asia.’
The timing of Mak’s arrival aligns with Tokenize Xchange’s ambitious expansion plans. The company intends to grow its Singapore team and enhance its compliance and operations capabilities. This growth strategy reflects the company’s commitment to fostering trust and transparency in the digital asset ecosystem, particularly important given recent challenges faced by the sector.
Tokenize Xchange has established itself as a regional leader in digital asset trading, with a strong presence across Southeast Asia. The company’s proactive approach to regulation sets it apart in the rapidly evolving landscape. Operating under an exemption from the Monetary Authority of Singapore, Tokenize has also received approval from the Securities Commission Malaysia, where it stands as the country’s second-largest digital asset exchange. The company is actively pursuing similar licenses in other Southeast Asian jurisdictions, underscoring its dedication to regulatory excellence and its ambition to set new benchmarks for secure, transparent, and compliant digital asset trading in the region.
Mak’s role will be crucial in leveraging these strengths. His mandate includes spearheading Tokenize’s strategic initiatives across the Asia-Pacific region, driving innovation while ensuring alignment with the company’s commitment to regulatory excellence. ‘The digital asset space is at a critical inflection point,’ Mak noted. ‘Tokenize Xchange has the vision, the backing, and now the expanded leadership to not just participate in this new era but define it.’
This strategic hire and recent funding success position Tokenize Xchange to capitalize on the growing interest in digital assets across Southeast Asia. As the company expands its operations and enhances its platform, it aims to provide both individual and institutional investors with a secure and user-friendly environment for cryptocurrency trading.
The appointment of Carney Mak as Chief Strategy Officer signals Tokenize Xchange’s commitment to staying at the forefront of the digital asset industry. With his expertise and the company’s robust financial backing, Tokenize Xchange is poised to play a significant role in shaping the future of digital asset trading in Southeast Asia and beyond.
For more information about Tokenize Xchange and its services, interested parties can visit https://tokenize.exchange/. The company’s proprietary token, TKX, continues to see active trading on major digital asset exchanges worldwide, further solidifying Tokenize Xchange’s position in the global cryptocurrency market.
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